Trip.com Group Limited (NASDAQ:TCOM – Get Free Report) 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 – Get Free Report) 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
Check Out Our Latest Stock Analysis on Trip.com Group
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.
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