Trip.com Group (NASDAQ:TCOM) Hits New 12-Month Low – What’s Next?

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) hit a new 52-week low during trading on Wednesday . The company traded as low as $47.68 and last traded at $47.7660, with a volume of 620690 shares trading hands. The stock had previously closed at $48.95.

Analysts Set New Price Targets

A number of research analysts have recently commented on TCOM shares. TD Cowen dropped their price target on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Benchmark dropped their price target on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Morgan Stanley reiterated an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research note on Thursday, February 26th. Finally, Weiss Ratings lowered Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Trip.com Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

Trip.com Group Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market capitalization of $31.21 billion, a P/E ratio of 7.17, a price-to-earnings-growth ratio of 3.42 and a beta of -0.03. The business has a 50 day moving average of $51.95 and a 200-day moving average of $61.12.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Saturday, February 14th. The company reported $0.71 earnings per share (EPS) for the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%.The company had revenue of $2.20 billion for the quarter. On average, sell-side analysts predict that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Trip.com Group

A number of institutional investors have recently added to or reduced their stakes in TCOM. Capital World Investors increased its stake in Trip.com Group by 5.3% in the 3rd quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock worth $2,849,066,000 after acquiring an additional 1,912,238 shares during the last quarter. Temasek Holdings Private Ltd increased its stake in Trip.com Group by 67.1% in the 4th quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock worth $161,055,000 after acquiring an additional 899,469 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in Trip.com Group in the 3rd quarter worth about $56,979,000. Perseverance Asset Management International bought a new position in Trip.com Group in the 1st quarter worth about $33,608,000. Finally, Sanders Capital LLC increased its stake in Trip.com Group by 7.2% in the 3rd quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after acquiring an additional 662,230 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Company Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.