StockNews.com Lowers Trip.com Group (NASDAQ:TCOM) to Hold

Trip.com Group (NASDAQ:TCOM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Other equities analysts also recently issued research reports about the stock. Citigroup raised 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 note on Monday, April 1st. Barclays increased their price objective on shares of Trip.com Group from $60.00 to $76.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Benchmark reiterated a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a research report on Wednesday, June 12th. HSBC increased their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, TD Cowen increased their price objective on shares of Trip.com Group from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and an average target price of $61.89.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $47.00 on Thursday. The company has a market cap of $30.27 billion, a price-to-earnings ratio of 21.17 and a beta of 0.44. 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 simple moving average of $51.61 and a 200 day simple moving average of $44.62. Trip.com Group has a one year low of $31.55 and a one year high of $58.00.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Monday, May 20th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.21. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.61 billion. Trip.com Group had a net margin of 22.99% and a return on equity of 10.73%. Research analysts predict that Trip.com Group will post 2.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TCOM. Cetera Advisors LLC bought a new position in shares of Trip.com Group during the first quarter valued at about $432,000. Swedbank AB bought a new position in shares of Trip.com Group during the first quarter valued at about $8,891,000. Tidal Investments LLC lifted its position in shares of Trip.com Group by 698.7% during the first quarter. Tidal Investments LLC now owns 89,432 shares of the company’s stock valued at $3,925,000 after purchasing an additional 78,235 shares in the last quarter. Kontiki Capital Management HK Ltd. lifted its position in shares of Trip.com Group by 1.9% during the first quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company’s stock valued at $198,549,000 after purchasing an additional 83,200 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of Trip.com Group during the first quarter valued at about $742,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

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.