Trip.com Group Limited Sponsored ADR $TCOM Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its holdings in Trip.com Group by 30.5% in Q2, selling 425,075 shares, which now amounts to approximately 0.15% of the company worth $56.89 million.
• Multiple institutional investors have adjusted their positions, with ownership by institutional investors and hedge funds totaling 35.41% of the company's stock.
• Analysts have raised price targets for Trip.com Group, with a consensus rating of "Buy" and an average target price of $76.98, indicating positive sentiment in the market.

Robeco Institutional Asset Management B.V. lowered its holdings in Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Free Report) by 30.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 970,223 shares of the company's stock after selling 425,075 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.15% of Trip.com Group worth $56,894,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Cetera Investment Advisers grew its holdings in shares of Trip.com Group by 0.7% in the first quarter. Cetera Investment Advisers now owns 22,704 shares of the company's stock valued at $1,444,000 after purchasing an additional 166 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Trip.com Group by 4.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,032 shares of the company's stock valued at $354,000 after purchasing an additional 235 shares in the last quarter. Prudential PLC grew its holdings in shares of Trip.com Group by 2.1% in the first quarter. Prudential PLC now owns 11,897 shares of the company's stock valued at $756,000 after purchasing an additional 244 shares in the last quarter. Baird Financial Group Inc. lifted its stake in Trip.com Group by 4.7% in the first quarter. Baird Financial Group Inc. now owns 5,828 shares of the company's stock worth $371,000 after acquiring an additional 261 shares during the last quarter. Finally, Townsquare Capital LLC lifted its stake in Trip.com Group by 4.2% in the first quarter. Townsquare Capital LLC now owns 8,349 shares of the company's stock worth $531,000 after acquiring an additional 338 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of recent research reports. Mizuho lifted their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Sanford C. Bernstein lifted their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Zacks Research upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 4th. Finally, Barclays lifted their price target on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat.com, Trip.com Group has a consensus rating of "Buy" and an average target price of $76.98.

Trip.com Group Stock Up 0.3%

Shares of NASDAQ:TCOM opened at $75.18 on Friday. The company has a market capitalization of $49.11 billion, a PE ratio of 20.60, a P/E/G ratio of 3.09 and a beta of 0.03. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. Trip.com Group Limited Sponsored ADR has a twelve month low of $51.35 and a twelve month high of $78.65. The firm has a 50 day simple moving average of $68.93 and a 200-day simple moving average of $63.51.

Trip.com Group Profile

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.

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