Trip.com Group (NASDAQ:TCOM) Shares Gap Up to $47.44

Trip.com Group Limited (NASDAQ:TCOM)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $47.44, but opened at $48.56. Trip.com Group shares last traded at $48.60, with a volume of 414,575 shares traded.

Analysts Set New Price Targets

Several research firms recently weighed in on TCOM. TD Cowen cut 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. Benchmark restated a “buy” rating and issued a $72.00 price target on shares of Trip.com Group in a research note on Tuesday, August 27th. Finally, StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Trip.com Group presently has an average rating of “Moderate Buy” and a consensus price target of $62.50.

Trip.com Group Trading Up 2.9 %

The firm has a 50 day simple moving average of $44.71 and a 200 day simple moving average of $47.68. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $31.44 billion, a PE ratio of 21.37 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Equities analysts expect that Trip.com Group Limited will post 2.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Trip.com Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new position in shares of Trip.com Group during the 2nd quarter valued at $9,795,000. Shellback Capital LP bought a new position in shares of Trip.com Group during the 2nd quarter valued at $1,175,000. Lighthouse Investment Partners LLC lifted its holdings in shares of Trip.com Group by 186.8% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 30,969 shares of the company’s stock valued at $1,456,000 after buying an additional 20,169 shares during the period. Maverick Capital Ltd. bought a new position in shares of Trip.com Group during the 2nd quarter valued at $1,678,000. Finally, MBB Public Markets I LLC bought a new position in shares of Trip.com Group during the 2nd quarter valued at $898,000. 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.