Trip.com Group Limited (NASDAQ:TCOM – Get Free Report) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 14,060,000 shares, a decline of 14.2% from the June 15th total of 16,390,000 shares. Based on an average trading volume of 3,530,000 shares, the short-interest ratio is currently 4.0 days.
Institutional Investors Weigh In On Trip.com Group
Institutional investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. raised its stake in shares of Trip.com Group by 90.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock valued at $34,000 after purchasing an additional 452 shares in the last quarter. Hilltop National Bank raised its stake in shares of Trip.com Group by 322.1% in the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after purchasing an additional 876 shares in the last quarter. Atlas Capital Advisors LLC acquired a new stake in shares of Trip.com Group in the 1st quarter valued at about $74,000. Clarity Asset Management Inc. acquired a new stake in shares of Trip.com Group in the 4th quarter valued at about $66,000. Finally, CWM LLC raised its stake in shares of Trip.com Group by 13.5% in the 2nd quarter. CWM LLC now owns 2,107 shares of the company’s stock valued at $99,000 after purchasing an additional 251 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.
Trip.com Group Stock Performance
NASDAQ:TCOM opened at $47.79 on Tuesday. 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 50-day moving average of $51.32 and a two-hundred day moving average of $45.94. The stock has a market cap of $30.78 billion, a P/E ratio of 21.53 and a beta of 0.42. Trip.com Group has a 1-year low of $31.55 and a 1-year high of $58.00.
Analysts Set New Price Targets
Several brokerages have weighed in on TCOM. Benchmark reiterated a “buy” rating and issued a $72.00 price target on shares of Trip.com Group in a report on Wednesday, June 12th. Barclays boosted 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 note on Wednesday, May 22nd. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 6th. TD Cowen boosted their price objective 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. Finally, Citigroup boosted their price objective on shares of Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research note 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’s stock. According to data from MarketBeat, Trip.com Group currently has a consensus rating of “Moderate Buy” and an average price target of $61.89.
Check Out Our Latest Report on Trip.com Group
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.
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