APG Asset Management N.V. Sells 21,700 Shares of Trip.com Group Limited (NASDAQ:TCOM)

APG Asset Management N.V. cut its holdings in Trip.com Group Limited (NASDAQ:TCOM) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 571,600 shares of the company’s stock after selling 21,700 shares during the quarter. APG Asset Management N.V. owned approximately 0.09% of Trip.com Group worth $25,067,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in shares of Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after purchasing an additional 986 shares during the period. Hilltop National Bank lifted its holdings in Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after buying an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after acquiring an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Trip.com Group in the 2nd quarter valued at $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of Trip.com Group in the 2nd quarter worth $74,000. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Trading Up 8.2 %

Shares of Trip.com Group stock opened at $61.32 on Friday. The firm’s 50 day simple moving average is $45.45 and its two-hundred day simple moving average is $48.11. The firm has a market capitalization of $39.50 billion, a price-to-earnings ratio of 27.62 and a beta of 0.39. Trip.com Group Limited has a 12-month low of $31.55 and a 12-month high of $61.65. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Analysts predict that Trip.com Group Limited will post 2.88 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. TD Cowen dropped their price objective on Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Benchmark reiterated a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a research note on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Trip.com Group has an average rating of “Moderate Buy” and an average price target of $62.50.

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.