Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM – Get Free Report)’s stock price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $40.38 and traded as high as $41.24. Trip.com Group shares last traded at $40.99, with a volume of 2,817,816 shares trading hands.
Analyst Ratings Changes
Several brokerages have recently weighed in on TCOM. Weiss Ratings lowered Trip.com Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, September 16th. Benchmark reissued a “buy” rating on shares of Trip.com Group in a research report on Tuesday, July 28th. HSBC cut Trip.com Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 3rd. TD Cowen raised Trip.com Group to a “strong-buy” rating in a research report on Monday, September 14th. Finally, Citigroup lowered their price objective on shares of Trip.com Group from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.45.
View Our Latest Stock Analysis on Trip.com Group
Trip.com Group Price Performance
The stock’s 50-day moving average is $40.38 and its 200 day moving average is $47.86. The stock has a market cap of $26.63 billion, a price-to-earnings ratio of 8.45, a P/E/G ratio of 3.14 and a beta of -0.04.
Trip.com Group (NASDAQ:TCOM – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $1.07 EPS for the quarter. The business had revenue of $2.31 billion during the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%. Analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.07 EPS for the current year.
Hedge Funds Weigh In On Trip.com Group
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sanders Capital LLC boosted its position in shares of Trip.com Group by 1.5% in the 3rd quarter. Sanders Capital LLC now owns 10,714,647 shares of the company’s stock worth $418,943,000 after buying an additional 154,083 shares in the last quarter. Perseverance Asset Management International purchased a new position in shares of Trip.com Group during the 1st quarter worth $33,608,000. C WorldWide Group Holding A S lifted its position in Trip.com Group by 2.1% during the second quarter. C WorldWide Group Holding A S now owns 613,630 shares of the company’s stock worth $24,447,000 after buying an additional 12,463 shares during the period. ABN Amro Investment Solutions grew its holdings in Trip.com Group by 91.5% in the first quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company’s stock valued at $24,595,000 after purchasing an additional 235,997 shares during the period. Finally, Sei Investments Co. raised its position in shares of Trip.com Group by 24.8% in the 1st quarter. Sei Investments Co. now owns 370,430 shares of the company’s stock worth $18,444,000 after buying an additional 73,650 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.
Trip.com Group Company Profile
Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in China. Founded in 1999 as Ctrip, the company changed its name to Trip.com Group in 2019 to reflect its expanding international operations and portfolio of travel brands.
The company operates online platforms that help travelers research, plan and book trips. Its services include hotel and accommodation reservations, airline and train ticketing, vacation packages, attraction tickets, car rentals and other travel-related products.
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