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

Trip.com Group Limited (NASDAQ:TCOM) shares 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.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TCOM. Benchmark reiterated a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a report on Tuesday, August 27th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Finally, TD Cowen lowered their target price on Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

Trip.com Group Price Performance

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

Trip.com Group (NASDAQ:TCOM) last released its quarterly 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 business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. On average, analysts anticipate that Trip.com Group Limited will post 2.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Fifth Third Bancorp raised its position in shares of Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after acquiring an additional 986 shares in the last quarter. Hilltop National Bank raised its position 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 worth $54,000 after acquiring an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Trip.com Group by 72.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after acquiring an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Trip.com Group in the 2nd quarter worth approximately $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of Trip.com Group in the 2nd quarter worth approximately $74,000. 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.