Trip.com Group (NASDAQ:TCOM) Shares Gap Up – What’s Next?

Trip.com Group Limited (NASDAQ:TCOM)’s share price gapped up prior to trading on Friday . The stock had previously closed at $58.00, but opened at $62.51. Trip.com Group shares last traded at $61.54, with a volume of 1,052,375 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. HSBC lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Citigroup raised their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Hsbc Global Res lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Macquarie raised shares of Trip.com Group to a “strong-buy” rating in a report on Monday, October 7th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average price target of $64.63.

Trip.com Group Price Performance

The firm has a fifty day moving average of $51.49 and a two-hundred day moving average of $50.04. 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 company has a market capitalization of $39.45 billion, a PE ratio of 27.59 and a beta of 0.41.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Research analysts anticipate that Trip.com Group Limited will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Trip.com Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp lifted its holdings in Trip.com Group by 1,188.0% in the second 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 lifted its stake 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 valued at $54,000 after purchasing an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. boosted 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Trip.com Group in the second quarter worth $66,000. Finally, Atlas Capital Advisors LLC purchased a new stake in Trip.com Group in the first quarter worth $74,000. 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.