Trip.com Group (NASDAQ:TCOM) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Trip.com Group (NASDAQ:TCOM) from a buy rating to a hold rating in a research report released on Thursday.

TCOM has been the subject of several other reports. TD Cowen lifted their target price on Trip.com Group from $53.00 to $63.00 and gave the stock a buy rating in a research report on Tuesday, May 21st. Benchmark reissued a buy rating and issued a $72.00 price objective on shares of Trip.com Group in a research report on Wednesday, June 12th. Barclays raised their target price 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. Citigroup increased their price objective on Trip.com Group from $53.00 to $55.00 and gave the stock a buy rating in a research note on Monday, April 1st. Finally, HSBC raised their price objective on Trip.com Group from $50.00 to $60.00 and gave the stock a buy rating in a report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $61.89.

Trip.com Group Trading Down 2.8 %

Shares of TCOM opened at $47.50 on Thursday. Trip.com Group has a twelve month low of $31.55 and a twelve month high of $58.00. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $51.65 and its 200-day simple moving average is $44.51. The company has a market cap of $30.59 billion, a P/E ratio of 21.40 and a beta of 0.44.

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

Hedge Funds Weigh In On Trip.com Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TCOM. Capital World Investors raised its stake in shares of Trip.com Group by 40.4% in the fourth quarter. Capital World Investors now owns 38,395,626 shares of the company’s stock worth $1,382,592,000 after purchasing an additional 11,039,672 shares during the last quarter. Schroder Investment Management Group boosted its holdings 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 acquiring an additional 9,629,673 shares during the last quarter. Brilliance Asset Management Ltd. increased its stake in shares of Trip.com Group by 433.6% in the fourth quarter. Brilliance Asset Management Ltd. now owns 1,904,603 shares of the company’s stock worth $68,585,000 after acquiring an additional 1,547,659 shares during the period. Green Court Capital Management Ltd raised its holdings in shares of Trip.com Group by 64.5% during the fourth quarter. Green Court Capital Management Ltd now owns 3,421,281 shares of the company’s stock worth $123,200,000 after purchasing an additional 1,341,806 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in Trip.com Group by 1,628.6% during the fourth quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock valued at $42,368,000 after purchasing an additional 1,109,727 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

About Trip.com Group

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.