Trip.com Group Limited (NASDAQ:TCOM) Sees Significant Decline in Short Interest

Trip.com Group Limited (NASDAQ:TCOM) 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.

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

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.

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.