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

StockNews.com lowered shares of Trip.com Group (NASDAQ:TCOM) from a buy rating to a hold rating in a research report released on Thursday.

A number of other equities analysts have also recently issued reports on the company. Citigroup increased their price target on Trip.com Group from $53.00 to $55.00 and gave the stock a buy rating in a report on Monday, April 1st. TD Cowen increased their target price on shares of Trip.com Group from $53.00 to $63.00 and gave the stock a buy rating in a research note on Tuesday, May 21st. Mizuho boosted their price objective on Trip.com Group from $60.00 to $65.00 and gave the company a buy rating in a report on Tuesday, May 21st. Benchmark reiterated a buy rating and issued a $72.00 target price on shares of Trip.com Group in a report on Wednesday, June 12th. Finally, HSBC boosted their price target on shares of Trip.com Group from $50.00 to $60.00 and gave the company a buy rating in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $61.89.

Trip.com Group Price Performance

TCOM stock opened at $47.00 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.07. The firm has a market cap of $30.27 billion, a price-to-earnings ratio of 21.17 and a beta of 0.44. The company’s fifty day simple moving average is $51.61 and its 200 day simple moving average is $44.78. Trip.com Group has a 12-month low of $31.55 and a 12-month high of $58.00.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC lifted its stake in 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 purchasing an additional 323 shares during the last quarter. Cerity Partners LLC increased its holdings in Trip.com Group by 2.8% in the 4th quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock worth $435,000 after acquiring an additional 328 shares during the last quarter. Diversified Trust Co raised its stake in Trip.com Group by 1.5% in the 1st quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock valued at $1,083,000 after acquiring an additional 375 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Trip.com Group by 0.9% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock valued at $1,908,000 after purchasing an additional 375 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Trip.com Group by 10.9% during the third quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock worth $143,000 after purchasing an additional 402 shares during the period. 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.