Trip.com Group (NASDAQ:TCOM) Shares Gap Up – Time to Buy?

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOMGet Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $42.45, but opened at $44.88. Trip.com Group shares last traded at $43.5270, with a volume of 616,750 shares traded.

Analyst Ratings Changes

TCOM has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. China Renaissance reissued a “hold” rating and issued a $42.00 target price on shares of Trip.com Group in a research report on Thursday, July 2nd. Nomura lowered their target price on shares of Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a research note on Friday, June 26th. Bank of America dropped their price target on shares of Trip.com Group from $78.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Finally, Mizuho reduced their price target on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Eight equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.20.

Read Our Latest Research Report on Trip.com Group

Trip.com Group Trading Up 2.6%

The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $28.29 billion, a PE ratio of 6.81, a PEG ratio of 3.25 and a beta of -0.03. The stock’s fifty day simple moving average is $45.69 and its 200 day simple moving average is $53.11.

Trip.com Group (NASDAQ:TCOMGet Free Report) last released its earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the firm posted $0.82 earnings per share. Trip.com Group’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, sell-side analysts predict that Trip.com Group Limited Sponsored ADR will post 3.27 earnings per share for the current year.

Hedge Funds Weigh In On Trip.com Group

Several large investors have recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in Trip.com Group by 22.9% in the 1st quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock worth $2,068,000 after purchasing an additional 6,062 shares in the last quarter. NewEdge Advisors LLC lifted 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 valued at $36,000 after purchasing an additional 450 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Trip.com Group by 332.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock worth $2,549,000 after acquiring an additional 30,819 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in Trip.com Group during the second quarter worth $215,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

About Trip.com Group

(Get Free Report)

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.

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