Zacks Research upgraded shares of Trip.com Group (NASDAQ:TCOM – Free Report) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks reports.
TCOM has been the topic of several other reports. Weiss Ratings downgraded Trip.com Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, September 16th. Nomura reduced their price objective on Trip.com Group from $51.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, September 17th. JPMorgan Chase & Co. decreased their price target on shares of Trip.com Group from $72.00 to $62.00 and set an “overweight” rating for the company in a research report on Thursday, September 17th. Mizuho lowered their price objective on shares of Trip.com Group from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, September 16th. Finally, HSBC cut Trip.com Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.45.
Read Our Latest Stock Analysis on Trip.com Group
Trip.com Group Stock Performance
Trip.com Group stock opened at $41.38 on Monday. The company has a market capitalization of $26.88 billion and a P/E ratio of 8.53. Trip.com Group has a fifty-two week low of $37.58 and a fifty-two week high of $78.99. The stock has a 50-day simple moving average of $40.29 and a 200-day simple moving average of $47.76.
Trip.com Group (NASDAQ:TCOM – Get Free Report) last announced its 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 net margin of 36.07% and a return on equity of 16.99%. As a group, analysts forecast that Trip.com Group will post 3.07 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in Trip.com Group by 24.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock worth $56,000 after purchasing an additional 218 shares in the last quarter. First Horizon Corp increased its position in shares of 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 buying an additional 250 shares during the period. Corient Private Wealth LP boosted its position in shares of Trip.com Group by 3.2% during the 2nd quarter. Corient Private Wealth LP now owns 10,312 shares of the company’s stock valued at $411,000 after purchasing an additional 319 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Trip.com Group by 4.6% in the first quarter. NewEdge Advisors LLC now owns 7,259 shares of the company’s stock worth $361,000 after purchasing an additional 321 shares during the period. Finally, Parallel Advisors LLC grew its position in Trip.com Group by 5.7% in the 3rd quarter. Parallel Advisors LLC now owns 6,862 shares of the company’s stock valued at $268,000 after purchasing an additional 371 shares during the period. 35.41% of the stock is owned by institutional investors.
About Trip.com Group
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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