Trip.com Group (NASDAQ:TCOM) Reaches New 12-Month Low – Time to Sell?

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $44.94 and last traded at $45.9310, with a volume of 334574 shares traded. The stock had previously closed at $45.10.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TCOM shares. TD Cowen dropped their price objective on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Barclays reissued an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a report on Thursday, February 26th. Morgan Stanley restated an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. Benchmark cut their price objective on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $77.50.

Trip.com Group Stock Down 2.0%

The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $49.92 and a 200-day simple moving average of $56.89. The company has a market cap of $29.56 billion, a PE ratio of 6.79, a P/E/G ratio of 3.22 and a beta of -0.07.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Saturday, February 14th. The company reported $0.71 EPS for the quarter. The business had revenue of $2.20 billion during the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%. Equities research analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current year.

Hedge Funds Weigh In On Trip.com Group

Large investors have recently added to or reduced their stakes in the stock. Capital World Investors grew its position in shares of Trip.com Group by 5.3% in the third quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock valued at $2,849,066,000 after purchasing an additional 1,912,238 shares during the period. Sanders Capital LLC raised its position in shares of Trip.com Group by 7.2% during the 3rd quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after purchasing an additional 662,230 shares during the last quarter. Capital International Investors lifted its stake in Trip.com Group by 0.6% in the 3rd quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock valued at $479,742,000 after buying an additional 37,916 shares in the last quarter. Davis Selected Advisers lifted its stake in Trip.com Group by 2.3% in the 4th quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock valued at $363,389,000 after buying an additional 111,944 shares in the last quarter. Finally, Cantillon Capital Management LLC boosted its holdings in Trip.com Group by 1.4% in the 4th quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock worth $335,804,000 after buying an additional 63,637 shares during 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.