Trip.com Group (NASDAQ:TCOM) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Trip.com Group (NASDAQ:TCOM) from a buy rating to a hold rating in a research note released on Saturday.

A number of other equities analysts have also recently issued reports on TCOM. CLSA upped their price target on shares of Trip.com Group from $55.00 to $64.00 and gave the stock a buy rating in a research note on Monday, May 13th. Barclays upped their price target on shares of Trip.com Group from $60.00 to $76.00 and gave the company an overweight rating in a research report on Wednesday, May 22nd. Mizuho raised their target price on Trip.com Group from $60.00 to $65.00 and gave the stock a buy rating in a report on Tuesday, May 21st. Citigroup lifted their price target on shares of Trip.com Group from $53.00 to $55.00 and gave the company a buy rating in a report on Monday, April 1st. Finally, Benchmark restated a buy rating and issued a $72.00 price objective on shares of Trip.com Group in a research report on Wednesday, June 12th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $61.89.

Trip.com Group Stock Up 2.7 %

Shares of NASDAQ TCOM opened at $50.91 on Friday. Trip.com Group has a 12 month low of $31.55 and a 12 month high of $58.00. The firm has a market capitalization of $32.79 billion, a PE ratio of 22.93 and a beta of 0.42. The firm has a fifty day simple moving average of $51.53 and a two-hundred day simple moving average of $45.53. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.07.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Monday, May 20th. The company reported $0.74 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.61 billion. Equities analysts expect that Trip.com Group will post 2.66 earnings per share for the current year.

Institutional Trading of Trip.com Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors increased its position in Trip.com Group by 40.4% during the fourth quarter. Capital World Investors now owns 38,395,626 shares of the company’s stock valued at $1,382,592,000 after acquiring an additional 11,039,672 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of Trip.com Group by 3,752.1% during the 4th 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 during the period. Brilliance Asset Management Ltd. grew its holdings in Trip.com Group by 433.6% during the 4th quarter. Brilliance Asset Management Ltd. now owns 1,904,603 shares of the company’s stock valued at $68,585,000 after purchasing an additional 1,547,659 shares during the last quarter. Green Court Capital Management Ltd raised its position in Trip.com Group by 64.5% in the 4th quarter. Green Court Capital Management Ltd now owns 3,421,281 shares of the company’s stock worth $123,200,000 after purchasing an additional 1,341,806 shares during the period. Finally, Nordea Investment Management AB lifted its stake in Trip.com Group by 1,628.6% in the fourth quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock worth $42,368,000 after purchasing an additional 1,109,727 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

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.