Trip.com Group (NASDAQ:TCOM) Announces Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Trip.com Group (NASDAQ:TCOM) posted its quarterly earnings results on Wednesday. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.15), Zacks reports. Trip.com Group had a return on equity of 19.44% and a net margin of 52.40%.

Trip.com Group Trading Down 0.2%

Shares of TCOM traded down $0.11 during mid-day trading on Wednesday, reaching $53.66. 3,786,921 shares of the company were exchanged, compared to its average volume of 4,705,833. The stock has a market capitalization of $35.05 billion, a PE ratio of 8.59, a PEG ratio of 3.74 and a beta of -0.14. The business has a 50 day simple moving average of $64.94 and a two-hundred day simple moving average of $68.90. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. Trip.com Group has a 52 week low of $51.35 and a 52 week high of $78.99.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 19th. Citigroup increased their price objective on Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Trip.com Group in a report on Monday, December 29th. Bank of America upped their target price on Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Finally, Benchmark boosted their price target on Trip.com Group from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.25.

Institutional Investors Weigh In On Trip.com Group

Several large investors have recently modified their holdings of the company. Voloridge Investment Management LLC purchased a new position in shares of Trip.com Group in the third quarter worth about $48,273,000. Qube Research & Technologies Ltd lifted its holdings in shares of Trip.com Group by 53.6% in the third quarter. Qube Research & Technologies Ltd now owns 531,387 shares of the company’s stock worth $39,960,000 after buying an additional 185,535 shares in the last quarter. Norges Bank purchased a new stake in Trip.com Group in the 4th quarter worth approximately $11,856,000. Maytus Capital Management LLC grew its position in shares of Trip.com Group by 354.9% during the 2nd quarter. Maytus Capital Management LLC now owns 163,727 shares of the company’s stock valued at $9,601,000 after purchasing an additional 127,738 shares in the last quarter. Finally, SIH Partners LLLP grew its position in Trip.com Group by 47.8% during the third quarter. SIH Partners LLLP now owns 326,300 shares of the company’s stock worth $24,538,000 after buying an additional 105,456 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

About Trip.com Group

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.