Trip.com Group (NASDAQ:TCOM) Sets New 52-Week High - Should You Buy?

Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) shares hit a new 52-week high on Friday . The company traded as high as $69.44 and last traded at $69.08, with a volume of 1783836 shares. The stock had previously closed at $64.63.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TCOM. StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Tuesday, August 13th. TD Cowen lowered their price target on shares of Trip.com Group from $63.00 to $56.00 and set a "buy" rating for the company in a report on Tuesday, August 27th. Finally, Benchmark reiterated a "buy" rating and set a $72.00 price target on shares of Trip.com Group in a report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Trip.com Group presently has an average rating of "Moderate Buy" and an average price target of $62.50.

Trip.com Group Stock Up 5.9 %

The stock's 50-day moving average price is $46.88 and its two-hundred day moving average price is $48.65. The stock has a market capitalization of $44.08 billion, a PE ratio of 31.09 and a beta of 0.40. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.22. The company had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. As a group, analysts expect that Trip.com Group Limited will post 2.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Trip.com Group

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp lifted its stake in Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock valued at $50,000 after acquiring an additional 986 shares during the period. Hilltop National Bank lifted its stake in Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company's stock valued at $54,000 after acquiring an additional 876 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock valued at $55,000 after acquiring an additional 489 shares during the period. Clarity Asset Management Inc. bought a new position in Trip.com Group during the 4th quarter valued at about $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Trip.com Group during the 2nd quarter valued at about $66,000. Institutional investors own 35.41% of the company's stock.

Trip.com Group Company Profile

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.