JPMorgan Chase & Co. Cuts Trip.com Group (NASDAQ:TCOM) Price Target to $72.00

Trip.com Group (NASDAQ:TCOM) had its target price lowered by JPMorgan Chase & Co. from $75.00 to $72.00 in a report released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other equities analysts have also recently commented on the company. Zacks Research cut Trip.com Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Mizuho reduced their price target on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Barclays lowered their price objective on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, June 26th. Jefferies Financial Group restated a “buy” rating and issued a $63.00 price objective on shares of Trip.com Group in a report on Tuesday. Finally, Benchmark reduced their target price on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average target price of $63.75.

Trip.com Group Stock Up 1.0%

Shares of NASDAQ TCOM opened at $46.48 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $44.66 and its two-hundred day moving average is $51.20. Trip.com Group has a 52-week low of $38.04 and a 52-week high of $78.99. The firm has a market cap of $30.19 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 3.60 and a beta of -0.03.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.82 earnings per share. Research analysts predict that Trip.com Group will post 3.19 EPS for the current year.

Institutional Trading of Trip.com Group

Several hedge funds have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its holdings in Trip.com Group by 237.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock worth $29,000 after acquiring an additional 280 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Trip.com Group in the 4th quarter valued at $31,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Trip.com Group by 601.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after purchasing an additional 475 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares in the last quarter. Finally, First Horizon Corp increased its holdings in Trip.com Group by 69.3% in the first quarter. First Horizon Corp now owns 611 shares of the company’s stock valued at $30,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

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.