Trip.com Group (NASDAQ:TCOM) Sees Strong Trading Volume

Trip.com Group Limited (NASDAQ:TCOM) saw unusually-high trading volume on Monday . Approximately 5,739,189 shares were traded during mid-day trading, an increase of 47% from the previous session’s volume of 3,912,413 shares.The stock last traded at $62.66 and had previously closed at $61.32.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Benchmark reiterated a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a research report on Tuesday, August 27th. Finally, TD Cowen dropped their price target on Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.50.

Trip.com Group Trading Down 2.8 %

The firm has a market cap of $38.41 billion, a PE ratio of 27.62 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. The business has a 50-day moving average price of $45.45 and a two-hundred day moving average price of $48.16.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. Analysts forecast that Trip.com Group Limited will post 2.88 EPS for the current year.

Institutional Trading of Trip.com Group

A number of institutional investors have recently modified their holdings of the company. Capital World Investors lifted its holdings in Trip.com Group by 27.5% in the 1st quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock worth $2,149,366,000 after buying an additional 10,576,028 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Trip.com Group by 3,752.1% in the 4th quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock valued at $356,006,000 after purchasing an additional 9,629,673 shares in the last quarter. Capital International Investors boosted its stake in shares of Trip.com Group by 0.4% during the 1st quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock valued at $348,559,000 after buying an additional 29,768 shares during the last quarter. ARGA Investment Management LP grew its position in shares of Trip.com Group by 4.8% during the first quarter. ARGA Investment Management LP now owns 4,814,510 shares of the company’s stock worth $211,309,000 after buying an additional 219,359 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. increased its stake in shares of Trip.com Group by 1.9% in the first quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company’s stock worth $198,549,000 after buying an additional 83,200 shares during the last quarter. Hedge funds and other 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.