Robeco Institutional Asset Management B.V. Has $109.26 Million Position in Trip.com Group Limited (NASDAQ:TCOM)

Robeco Institutional Asset Management B.V. reduced its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 3.8% during the 4th quarter, HoldingsChannel reports. The firm owned 1,591,240 shares of the company’s stock after selling 62,186 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Trip.com Group were worth $109,255,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brooklyn Investment Group acquired a new stake in shares of Trip.com Group in the fourth quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Trip.com Group in the third quarter valued at about $38,000. CWM LLC grew its position in shares of Trip.com Group by 10.4% in the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after purchasing an additional 220 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of 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 last quarter. Finally, Aaron Wealth Advisors LLC acquired a new stake in shares of Trip.com Group in the fourth quarter valued at about $232,000. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Up 2.1 %

Shares of TCOM opened at $71.44 on Wednesday. The stock has a market cap of $46.01 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 0.93 and a beta of 0.37. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 12 month low of $35.90 and a 12 month high of $77.18. The company has a 50-day moving average price of $68.26 and a two-hundred day moving average price of $58.21.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TCOM shares. Benchmark reissued a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, January 14th. Sanford C. Bernstein started coverage on Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 target price on the stock. Macquarie lifted their target price on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Barclays lifted 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. Finally, Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $74.78.

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.