Trip.com Group (NASDAQ:TCOM) Reaches New 12-Month Low – Here’s What Happened

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $45.89 and last traded at $46.2980, with a volume of 1718520 shares. The stock had previously closed at $47.40.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TCOM. TD Cowen dropped their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Benchmark dropped their target price on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Zacks Research cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Barclays reaffirmed an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Finally, Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $77.50.

Trip.com Group Stock Down 2.5%

The firm’s 50-day moving average price is $50.53 and its 200 day moving average price is $57.91. The firm has a market capitalization of $30.03 billion, a price-to-earnings ratio of 6.91, a price-to-earnings-growth ratio of 3.22 and a beta of -0.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55.

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

Institutional Trading of Trip.com Group

A number of hedge funds have recently bought and sold shares of TCOM. Brown Brothers Harriman & Co. boosted its position in Trip.com Group by 237.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock worth $29,000 after acquiring an additional 280 shares during the last quarter. First Horizon Corp boosted its position in Trip.com Group by 69.3% during the first quarter. First Horizon Corp now owns 611 shares of the company’s stock worth $30,000 after acquiring an additional 250 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in Trip.com Group during the fourth quarter worth approximately $31,000. NewEdge Advisors LLC boosted its position in Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after acquiring an additional 450 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Trip.com Group by 44.2% during the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after acquiring an additional 215 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

About Trip.com Group

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.