Trip.com Group (NASDAQ:TCOM) Stock Price Up 4.9%

Trip.com Group Limited (NASDAQ:TCOMGet Rating) rose 4.9% on Thursday . The stock traded as high as $25.93 and last traded at $25.63. Approximately 26,671 shares traded hands during trading, a decline of 99% from the average daily volume of 3,839,526 shares. The stock had previously closed at $24.43.

Wall Street Analyst Weigh In

TCOM has been the topic of several research analyst reports. Mizuho lowered their price target on Trip.com Group from $32.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, June 28th. Daiwa Capital Markets raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Thursday. Citigroup raised their target price on Trip.com Group from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, June 29th. UBS Group began coverage on Trip.com Group in a report on Friday, September 16th. They issued a “neutral” rating on the stock. Finally, StockNews.com raised Trip.com Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 6th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.38.

Trip.com Group Trading Up 5.3 %

The stock has a market cap of $15.42 billion, a PE ratio of -32.46 and a beta of 0.61. The stock has a 50-day moving average price of $26.10 and a two-hundred day moving average price of $23.88. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.20 and a quick ratio of 1.20.

Trip.com Group (NASDAQ:TCOMGet Rating) last issued its quarterly earnings data on Monday, June 27th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.13. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $3.85 billion. Trip.com Group had a positive return on equity of 0.51% and a negative net margin of 16.53%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.12) earnings per share. Sell-side analysts forecast that Trip.com Group Limited will post -0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. IFM Investors Pty Ltd purchased a new position in shares of Trip.com Group during the first quarter valued at about $513,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Trip.com Group by 1.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 151,205 shares of the company’s stock valued at $3,496,000 after acquiring an additional 1,501 shares during the last quarter. AIA Group Ltd bought a new position in shares of Trip.com Group in the 1st quarter valued at about $209,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Trip.com Group by 10.2% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 174,485 shares of the company’s stock valued at $4,034,000 after acquiring an additional 16,213 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of Trip.com Group by 3.4% in the 1st quarter. Private Advisor Group LLC now owns 130,691 shares of the company’s stock valued at $3,022,000 after acquiring an additional 4,357 shares during the last quarter. Hedge funds and other institutional investors own 54.08% of the company’s stock.

Trip.com Group Company Profile

(Get Rating)

Trip.com Group Limited 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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