Trip.com Group Limited (NASDAQ:TCOM - Get Free Report)'s stock price was up 5.8% during trading on Monday . The company traded as high as $69.44 and last traded at $68.96. Approximately 714,797 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 4,062,013 shares. The stock had previously closed at $65.19.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on TCOM shares. TD Cowen reduced their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday, August 27th. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Hsbc Global Res downgraded shares of Trip.com Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 8th. HSBC downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Finally, Macquarie raised Trip.com Group to a "strong-buy" rating in a research report on Monday, October 7th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Trip.com Group presently has an average rating of "Moderate Buy" and a consensus target price of $66.89.
View Our Latest Stock Analysis on Trip.com Group
Trip.com Group Stock Performance
The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $43.31 billion, a PE ratio of 23.81 and a beta of 0.39. The firm's fifty day simple moving average is $55.67 and its 200 day simple moving average is $51.05.
Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. On average, research analysts predict that Trip.com Group Limited will post 2.93 EPS for the current year.
Institutional Investors Weigh In On Trip.com Group
Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in shares of Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock worth $50,000 after acquiring an additional 986 shares in the last quarter. Hilltop National Bank boosted its stake in shares of Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company's stock worth $54,000 after acquiring an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of 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 worth $55,000 after acquiring an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Trip.com Group during the 2nd quarter worth about $66,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Trip.com Group during the 2nd quarter worth about $74,000. 35.41% of the stock is owned by hedge funds and other institutional investors.
About Trip.com Group
(
Get Free Report)
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.
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