Short Interest in Trip.com Group Limited (NASDAQ:TCOM) Increases By 100.6%

Trip.com Group Limited (NASDAQ:TCOM) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 16,390,000 shares, an increase of 100.6% from the May 31st total of 8,170,000 shares. Based on an average daily volume of 3,680,000 shares, the short-interest ratio is presently 4.5 days.

Analyst Ratings Changes

Several brokerages recently issued reports on TCOM. TD Cowen increased their price target on Trip.com Group from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. HSBC upped their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Benchmark reissued a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a research report on Wednesday, June 12th. CLSA upped their price objective on shares of Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, Barclays upped their price objective 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. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.89.

Trip.com Group Trading Down 0.9 %

Trip.com Group stock traded down $0.43 during midday trading on Friday, reaching $47.07. The stock had a trading volume of 2,624,667 shares, compared to its average volume of 3,781,878. The firm’s fifty day simple moving average is $51.65 and its two-hundred day simple moving average is $44.51. Trip.com Group has a twelve month low of $31.55 and a twelve month high of $58.00. 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 firm has a market cap of $30.32 billion, a price-to-earnings ratio of 21.40 and a beta of 0.44.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Monday, May 20th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.21. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.61 billion. Trip.com Group had a net margin of 22.99% and a return on equity of 10.73%. Equities analysts anticipate that Trip.com Group will post 2.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC raised its holdings in Trip.com Group by 11.4% in the 1st quarter. Lindbrook Capital LLC now owns 3,154 shares of the company’s stock worth $138,000 after acquiring an additional 323 shares during the period. Cerity Partners LLC increased its holdings in shares of Trip.com Group by 2.8% during the 4th quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock worth $435,000 after purchasing an additional 328 shares during the period. Diversified Trust Co increased its holdings in shares of Trip.com Group by 1.5% during the 1st quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock worth $1,083,000 after purchasing an additional 375 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Trip.com Group by 0.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock worth $1,908,000 after purchasing an additional 375 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Trip.com Group by 10.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock worth $143,000 after purchasing an additional 402 shares during the period. 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.