Sun Sep 15 12:06:51 UTC 2024: ## Trip.com Group Stock Sees Mixed Activity from Institutional Investors

**NEW YORK, NY – September 15, 2024** – The State of New Jersey Common Pension Fund D significantly reduced its position in Trip.com Group Limited (NASDAQ:TCOM) during the second quarter, selling off 62% of its holdings. The fund now owns 181,148 shares of the travel service provider, valued at $8.51 million.

While the New Jersey fund trimmed its stake, other institutional investors took a different approach. Fifth Third Bancorp and Hilltop National Bank both increased their positions in Trip.com Group, with holdings growing by 1,188% and 322.1% respectively. Additionally, Zurcher Kantonalbank Zurich Cantonalbank, Whittier Trust Co. of Nevada Inc., and Atlas Capital Advisors LLC all established new positions in the company during recent quarters.

Despite the mixed activity, hedge funds and other institutional investors remain invested in Trip.com Group, representing 35.41% of the company’s outstanding shares.

Analysts remain bullish on Trip.com Group’s prospects. Several brokerage firms have recently issued “buy” ratings, including Barclays, Mizuho, Benchmark, and TD Cowen. While StockNews.com downgraded the stock to a “hold” rating, the overall consensus rating among analysts is “Moderate Buy” with an average target price of $62.50.

Trip.com Group, based in China, operates as a leading travel service provider, offering a range of services including accommodation reservation, transportation ticketing, packaged tours, and corporate travel management. The company has seen its stock fluctuate between $31.55 and $58.00 over the past year, opening at $47.29 on Friday.

For more information on institutional investor holdings and insider trades related to Trip.com Group, visit HoldingsChannel.com.

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