Robeco Institutional Asset Management B.V. Sells 195,942 Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)

Robeco Institutional Asset Management B.V. lowered its position in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 12.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,395,298 shares of the company's stock after selling 195,942 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.22% of Trip.com Group worth $88,713,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TCOM. Rhumbline Advisers increased its holdings in shares of Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after purchasing an additional 184 shares during the period. Principal Securities Inc. increased its stake in Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after acquiring an additional 169 shares during the last quarter. Private Advisor Group LLC increased its stake in Trip.com Group by 2.8% in the fourth quarter. Private Advisor Group LLC now owns 16,272 shares of the company's stock valued at $1,117,000 after acquiring an additional 440 shares during the last quarter. QRG Capital Management Inc. increased its stake in Trip.com Group by 2.0% in the fourth quarter. QRG Capital Management Inc. now owns 14,751 shares of the company's stock valued at $1,013,000 after acquiring an additional 286 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Trip.com Group by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,995,595 shares of the company's stock valued at $205,678,000 after acquiring an additional 34,586 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Trading Down 0.1%

Shares of NASDAQ TCOM traded down $0.03 during trading hours on Monday, hitting $58.64. The company's stock had a trading volume of 1,961,256 shares, compared to its average volume of 3,924,809. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market cap of $38.31 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 2.77 and a beta of 0.09. Trip.com Group Limited Sponsored ADR has a 12 month low of $38.23 and a 12 month high of $77.18. The business has a 50-day simple moving average of $61.05 and a 200-day simple moving average of $63.41.

Analysts Set New Price Targets

TCOM has been the topic of a number of research analyst reports. TD Securities increased their target price on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Mizuho raised Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Bank of America increased their target price on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Wall Street Zen cut Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, Benchmark reissued a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $77.25.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.