Robeco Institutional Asset Management B.V. Sells 49,613 Shares of Trip.com Group Limited Sponsored ADR $TCOM

Robeco Institutional Asset Management B.V. reduced its position in shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,712,297 shares of the company’s stock after selling 49,613 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Trip.com Group were worth $106,051,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. boosted its stake in Trip.com Group by 30.3% during the second quarter. QRG Capital Management Inc. now owns 14,415 shares of the company’s stock valued at $574,000 after buying an additional 3,351 shares during the period. Tidal Investments LLC increased its stake in Trip.com Group by 13.1% in the 2nd quarter. Tidal Investments LLC now owns 151,316 shares of the company’s stock worth $6,028,000 after acquiring an additional 17,549 shares during the last quarter. C WorldWide Group Holding A S increased its stake in Trip.com Group by 2.1% in the 2nd quarter. C WorldWide Group Holding A S now owns 613,630 shares of the company’s stock worth $24,447,000 after acquiring an additional 12,463 shares during the last quarter. Corient Private Wealth LP increased its stake in Trip.com Group by 3.2% in the 2nd quarter. Corient Private Wealth LP now owns 10,312 shares of the company’s stock worth $411,000 after acquiring an additional 319 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Trip.com Group by 10.9% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 23,546 shares of the company’s stock valued at $938,000 after acquiring an additional 2,307 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $39.31 on Thursday. Trip.com Group Limited Sponsored ADR has a 52-week low of $37.58 and a 52-week high of $78.99. The company has a fifty day moving average of $41.24 and a 200-day moving average of $45.30. The company has a market capitalization of $25.53 billion, a P/E ratio of 6.80, a P/E/G ratio of 3.29 and a beta of -0.04.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Friday, August 14th. The company reported $1.07 EPS for the quarter. The business had revenue of $2.31 billion for the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%. As a group, analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.07 EPS for the current fiscal year.

Analysts Set New Price Targets

TCOM has been the subject of a number of research analyst reports. TD Cowen upgraded Trip.com Group to a “strong-buy” rating in a research report on Monday, September 14th. Mizuho cut their price objective on Trip.com Group from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, September 16th. Zacks Research cut shares of Trip.com Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Nomura lowered their target price on shares of Trip.com Group from $51.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, September 17th. Finally, Bank of America reaffirmed a “buy” rating on shares of Trip.com Group in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.45.

Trip.com Group Company Profile

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in China. Founded in 1999 as Ctrip, the company changed its name to Trip.com Group in 2019 to reflect its expanding international operations and portfolio of travel brands.

The company operates online platforms that help travelers research, plan and book trips. Its services include hotel and accommodation reservations, airline and train ticketing, vacation packages, attraction tickets, car rentals and other travel-related products.