Trip.com Group Limited (NASDAQ:TCOM) Sees Significant Decrease in Short Interest

Trip.com Group Limited (NASDAQ:TCOM) was the target of a large decline in short interest in May. As of May 31st, there was short interest totalling 8,170,000 shares, a decline of 30.9% from the May 15th total of 11,830,000 shares. Based on an average daily volume of 3,680,000 shares, the days-to-cover ratio is currently 2.2 days.

Trip.com Group Stock Down 0.8 %

NASDAQ:TCOM traded down $0.41 during mid-day trading on Friday, reaching $50.27. The stock had a trading volume of 2,627,474 shares, compared to its average volume of 3,902,700. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $32.38 billion, a P/E ratio of 22.64 and a beta of 0.44. Trip.com Group has a fifty-two week low of $31.55 and a fifty-two week high of $58.00. The business’s 50 day moving average is $51.59 and its 200 day moving average is $43.63.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Monday, May 20th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.21. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.61 billion. As a group, sell-side analysts predict that Trip.com Group will post 2.66 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TCOM. Citigroup raised their target price on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, April 1st. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. HSBC boosted their price objective on Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Benchmark reissued a “buy” rating and issued a $72.00 target price on shares of Trip.com Group in a research report on Wednesday. Finally, Barclays boosted their target price on shares of Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.89.

Institutional Investors Weigh In On Trip.com Group

A number of hedge funds have recently bought and sold shares of the company. Capital World Investors boosted its holdings in Trip.com Group by 27.5% in the 1st quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock valued at $2,149,366,000 after purchasing an additional 10,576,028 shares during the period. Schroder Investment Management Group lifted its position in shares of Trip.com Group by 3,752.1% during the fourth quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock worth $356,006,000 after purchasing an additional 9,629,673 shares in the last quarter. Capital International Investors boosted its position in Trip.com Group by 0.4% in the 1st quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock valued at $348,559,000 after buying an additional 29,768 shares during the last quarter. Vontobel Holding Ltd. increased its stake in shares of Trip.com Group by 0.8% in the 4th quarter. Vontobel Holding Ltd. now owns 7,565,917 shares of the company’s stock valued at $272,449,000 after buying an additional 57,275 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in Trip.com Group by 98.2% during the 3rd quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company’s stock worth $190,164,000 after purchasing an additional 2,695,221 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

About Trip.com Group

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.