Nomura Instinet Reiterates Neutral Rating for Trip.com Group (NASDAQ:TCOM)

Trip.com Group (NASDAQ:TCOM)‘s stock had its “neutral” rating reaffirmed by analysts at Nomura Instinet in a research note issued on Tuesday, Benzinga reports.

Several other analysts have also recently issued reports on the stock. Citigroup increased their price target on shares of Trip.com Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. TheStreet cut Trip.com Group from a “b” rating to a “c+” rating in a research note on Thursday, September 7th. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Trip.com Group in a research report on Tuesday, September 5th. Finally, Nomura downgraded Trip.com Group from a “buy” rating to a “neutral” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.85.

Trip.com Group Trading Down 11.8 %

Shares of TCOM traded down $4.34 during midday trading on Tuesday, reaching $32.33. The company had a trading volume of 9,387,150 shares, compared to its average volume of 4,488,116. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.17. Trip.com Group has a 1-year low of $25.19 and a 1-year high of $43.59. The firm has a 50 day simple moving average of $34.53 and a 200-day simple moving average of $35.69. The stock has a market cap of $20.89 billion, a PE ratio of 23.55 and a beta of 0.61.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Monday, September 4th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.20. Trip.com Group had a net margin of 19.94% and a return on equity of 5.01%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.51 billion. Research analysts forecast that Trip.com Group will post 1.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Credit Agricole S A purchased a new position in shares of Trip.com Group during the second quarter worth about $25,000. First Horizon Advisors Inc. purchased a new position in shares of Trip.com Group in the 1st quarter valued at approximately $27,000. Global Retirement Partners LLC increased its holdings in shares of Trip.com Group by 7,885.7% in the first quarter. Global Retirement Partners LLC now owns 1,118 shares of the company’s stock valued at $37,000 after purchasing an additional 1,104 shares during the period. Captrust Financial Advisors purchased a new stake in shares of Trip.com Group during the second quarter worth approximately $38,000. Finally, Atlas Capital Advisors LLC purchased a new position in Trip.com Group in the 1st quarter valued at $55,000. 38.24% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Company Profile

Trip.com Group Limited 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.