Robeco Institutional Asset Management B.V. Trims Holdings in Trip.com Group Limited (NASDAQ:TCOM)

Robeco Institutional Asset Management B.V. cut its stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 3.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,591,240 shares of the company's stock after selling 62,186 shares during the period. Robeco Institutional Asset Management B.V. owned 0.25% of Trip.com Group worth $109,255,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new position in shares of Trip.com Group in the 4th quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Trip.com Group during the 3rd quarter valued at $38,000. CWM LLC boosted its position in Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company's stock worth $138,000 after purchasing an additional 220 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in Trip.com Group by 101.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company's stock valued at $189,000 after purchasing an additional 1,595 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of Trip.com Group during the third quarter worth about $224,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on TCOM. Citigroup upped their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Macquarie boosted their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. StockNews.com raised shares of Trip.com Group from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th. Hsbc Global Res raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 19th. Finally, Barclays increased their target price on Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Trip.com Group has a consensus rating of "Buy" and a consensus target price of $74.78.

Trip.com Group Stock Down 0.2 %

TCOM stock traded down $0.15 during mid-day trading on Wednesday, hitting $71.29. 1,137,401 shares of the company were exchanged, compared to its average volume of 2,422,883. The firm has a market cap of $45.92 billion, a P/E ratio of 21.34, a P/E/G ratio of 0.93 and a beta of 0.37. The firm's 50 day simple moving average is $68.26 and its 200 day simple moving average is $58.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group Limited has a 1-year low of $35.90 and a 1-year high of $77.18.

Trip.com Group Company 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.