StockNews.com Downgrades Trip.com Group (NASDAQ:TCOM) to Hold

Trip.com Group (NASDAQ:TCOM - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

TCOM has been the topic of several other research reports. Citigroup upped their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Benchmark reissued a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Trip.com Group has an average rating of "Buy" and a consensus target price of $77.08.

Trip.com Group Price Performance

Shares of TCOM opened at $57.52 on Friday. Trip.com Group has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The firm's 50-day simple moving average is $60.12 and its two-hundred day simple moving average is $64.53. The stock has a market cap of $37.05 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group purchased a new stake in Trip.com Group during the 4th quarter valued at $25,000. National Bank of Canada FI increased its position in Trip.com Group by 227.7% during the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after acquiring an additional 321 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in Trip.com Group by 1,496.7% in the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after acquiring an additional 449 shares during the period. Principal Securities Inc. grew its stake in shares of Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after purchasing an additional 169 shares during the period. Finally, Farther Finance Advisors LLC increased its position in shares of Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after purchasing an additional 510 shares during the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.

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