Trip.com Group (NASDAQ:TCOM) Downgraded 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 report issued on Saturday morning.

Several other equities analysts also recently commented on the company. Mizuho raised their target price on Trip.com Group from $60.00 to $65.00 and gave the stock a buy rating in a research report on Tuesday, May 21st. TD Cowen boosted their target price on shares of Trip.com Group from $53.00 to $63.00 and gave the company a buy rating in a research note on Tuesday, May 21st. Benchmark reaffirmed a buy rating and issued a $72.00 target price on shares of Trip.com Group in a report on Wednesday, June 12th. CLSA lifted their price target on shares of Trip.com Group from $55.00 to $64.00 and gave the company a buy rating in a report on Monday, May 13th. Finally, Citigroup boosted their price target on shares of Trip.com Group from $53.00 to $55.00 and gave the company a buy rating in a research report on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $61.89.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $50.91 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50-day moving average of $51.53 and a 200-day moving average of $45.53. Trip.com Group has a 52 week low of $31.55 and a 52 week high of $58.00. The company has a market capitalization of $32.79 billion, a price-to-earnings ratio of 22.93 and a beta of 0.42.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Monday, May 20th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, equities research analysts anticipate that Trip.com Group will post 2.66 earnings per share for the current fiscal year.

Institutional Trading of Trip.com Group

Several hedge funds have recently modified their holdings of TCOM. Nordea Investment Management AB boosted its position in Trip.com Group by 1,628.6% in the 4th quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock valued at $42,368,000 after buying an additional 1,109,727 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Trip.com Group by 137.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company’s stock valued at $1,284,000 after acquiring an additional 20,654 shares during the last quarter. AIA Group Ltd increased its position in Trip.com Group by 43.1% in the fourth quarter. AIA Group Ltd now owns 90,449 shares of the company’s stock worth $3,257,000 after purchasing an additional 27,236 shares during the period. Van ECK Associates Corp bought a new stake in Trip.com Group during the 1st quarter worth about $3,000,000. Finally, ANTIPODES PARTNERS Ltd lifted its position in Trip.com Group by 112.3% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company’s stock valued at $6,769,000 after purchasing an additional 99,460 shares during the period. 35.41% of the stock is owned by institutional investors.

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.