Trip.com Group (NASDAQ:TCOM) Stock Rating Lowered by StockNews.com

Trip.com Group (NASDAQ:TCOM) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other equities research analysts have also weighed in on the company. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Tuesday, November 19th. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Benchmark reiterated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday. Mizuho upped their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Barclays raised their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Price Performance

TCOM stock opened at $57.20 on Wednesday. The stock has a market cap of $36.84 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 0.67 and a beta of 0.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The company has a 50 day simple moving average of $67.71 and a 200 day simple moving average of $61.61. Trip.com Group has a 1 year low of $38.23 and a 1 year high of $77.18.

Hedge Funds Weigh In On Trip.com Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group acquired a new position in Trip.com Group during the 4th quarter worth approximately $25,000. National Bank of Canada FI lifted its holdings in shares of Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company’s stock worth $32,000 after purchasing an additional 321 shares in the last quarter. Rakuten Securities Inc. grew its position in Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock valued at $33,000 after purchasing an additional 449 shares during the period. Principal Securities Inc. increased its stake in Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new stake in Trip.com Group during the 3rd quarter valued at $38,000. 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.