Trip.com Group (NASDAQ:TCOM) Reaches New 52-Week High at $52.55

Trip.com Group Limited (NASDAQ:TCOM)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $52.55 and last traded at $52.41, with a volume of 1329407 shares trading hands. The stock had previously closed at $50.94.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TCOM. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. UBS Group boosted their price objective on Trip.com Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Barclays increased their target price on Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Mizuho boosted their price target on Trip.com Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Benchmark reiterated a “buy” rating and set a $55.00 target price on shares of Trip.com Group in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.67.

Trip.com Group Price Performance

The firm has a market cap of $34.44 billion, a P/E ratio of 25.75 and a beta of 0.52. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $46.55 and its two-hundred day moving average is $39.55.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.29. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. As a group, analysts anticipate that Trip.com Group Limited will post 2.54 earnings per share for the current year.

Hedge Funds Weigh In On Trip.com Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB increased its holdings in Trip.com Group by 1,628.6% during the 4th quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock worth $42,368,000 after purchasing an additional 1,109,727 shares in the last quarter. AIA Group Ltd boosted its holdings in Trip.com Group by 43.1% during the 4th quarter. AIA Group Ltd now owns 90,449 shares of the company’s stock worth $3,257,000 after acquiring an additional 27,236 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Trip.com Group by 137.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company’s stock worth $1,284,000 after acquiring an additional 20,654 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in shares of Trip.com Group by 112.3% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company’s stock valued at $6,769,000 after purchasing an additional 99,460 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Trip.com Group by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 4,172,916 shares of the company’s stock valued at $145,927,000 after purchasing an additional 81,201 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

About Trip.com Group

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.