Trip.com Group (NASDAQ:TCOM) Sees Unusually-High Trading Volume

Trip.com Group Limited (NASDAQ:TCOM) shares saw unusually-high trading volume on Tuesday . Approximately 1,508,031 shares traded hands during trading, a decline of 59% from the previous session’s volume of 3,646,759 shares.The stock last traded at $51.53 and had previously closed at $49.09.

Analyst Ratings Changes

TCOM has been the subject of several research reports. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Benchmark reiterated a “buy” rating and set a $72.00 price target on shares of Trip.com Group in a report on Tuesday, August 27th. Finally, TD Cowen reduced their price target on Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a report 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.50.

Trip.com Group Trading Up 6.6 %

The company has a fifty day moving average of $44.70 and a two-hundred day moving average of $47.84. 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 stock has a market capitalization of $33.70 billion, a price-to-earnings ratio of 23.31 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. The firm 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, research analysts expect that Trip.com Group Limited will post 2.88 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TCOM. Fifth Third Bancorp increased its position in 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 buying an additional 986 shares during the period. Hilltop National Bank increased its position in shares of Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after purchasing an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after purchasing an additional 489 shares during the period. Clarity Asset Management Inc. bought a new stake in shares of Trip.com Group during the fourth quarter valued at approximately $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Trip.com Group during the second quarter valued at approximately $66,000. 35.41% of the stock is owned by institutional investors.

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.