Trip.com Group (NASDAQ:TCOM) Stock Rating Lowered by StockNews.com

Trip.com Group (NASDAQ:TCOM - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Wednesday.

Other research analysts have also issued reports about the company. Benchmark reissued a "buy" rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. Citigroup raised their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. HSBC raised shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price target for the company in a research note on Tuesday, November 19th. Barclays raised their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Finally, Hsbc Global Res upgraded Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $77.08.

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Trip.com Group Stock Performance

Shares of NASDAQ TCOM traded down $0.52 during midday trading on Wednesday, hitting $56.68. 5,564,323 shares of the company's stock were exchanged, compared to its average volume of 3,704,376. Trip.com Group has a twelve month low of $38.23 and a twelve month high of $77.18. The firm has a market cap of $36.51 billion, a P/E ratio of 16.97, a PEG ratio of 0.67 and a beta of 0.37. The stock's 50 day moving average price is $67.39 and its 200-day moving average price is $61.85. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group bought a new stake in shares of Trip.com Group during the 4th quarter worth $25,000. National Bank of Canada FI boosted its position in shares of Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after purchasing an additional 321 shares during the period. Rakuten Securities Inc. boosted its position in shares of Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after purchasing an additional 449 shares during the period. Principal Securities Inc. increased its stake in Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after purchasing an additional 169 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after buying an additional 510 shares during the period. 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.