Trip.com Group Limited (NASDAQ:TCOM) Short Interest Update

Trip.com Group Limited (NASDAQ:TCOM) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 16,390,000 shares, an increase of 100.6% from the May 31st total of 8,170,000 shares. Based on an average daily trading volume, of 3,680,000 shares, the days-to-cover ratio is presently 4.5 days.

Institutional Trading of Trip.com Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lindbrook Capital LLC increased its position in shares of Trip.com Group by 11.4% in the first quarter. Lindbrook Capital LLC now owns 3,154 shares of the company’s stock valued at $138,000 after buying an additional 323 shares in the last quarter. Cerity Partners LLC increased its position in shares of Trip.com Group by 2.8% in the fourth quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock valued at $435,000 after buying an additional 328 shares in the last quarter. Diversified Trust Co increased its position in shares of Trip.com Group by 1.5% in the first quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock valued at $1,083,000 after buying an additional 375 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Trip.com Group by 0.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock valued at $1,908,000 after buying an additional 375 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Trip.com Group by 10.9% in the third quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock valued at $143,000 after buying an additional 402 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TCOM shares. Benchmark reiterated a “buy” rating and issued a $72.00 price target on shares of Trip.com Group in a research note on Wednesday, June 12th. Barclays raised their price objective on Trip.com Group from $60.00 to $76.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. CLSA raised their price objective on Trip.com Group from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. TD Cowen raised their price objective on Trip.com Group from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Citigroup raised their price objective on Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Trip.com Group currently has an average rating of “Moderate Buy” and an average target price of $61.89.

Trip.com Group Stock Performance

TCOM stock traded down $0.50 during trading on Friday, hitting $47.00. 3,632,427 shares of the company traded hands, compared to its average volume of 3,332,683. The stock’s 50-day simple moving average is $51.61 and its 200 day simple moving average is $44.62. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market cap of $30.27 billion, a PE ratio of 21.17 and a beta of 0.44. Trip.com Group has a 1 year low of $31.55 and a 1 year high of $58.00.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Monday, May 20th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.21. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. On average, equities analysts expect that Trip.com Group will post 2.66 earnings per share for the current fiscal year.

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.