Trip.com Group (NASDAQ:TCOM) Issues Earnings Results

Trip.com Group (NASDAQ:TCOM) released its quarterly earnings results on Wednesday. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.15), Zacks reports. Trip.com Group had a net margin of 52.40% and a return on equity of 19.44%.

Trip.com Group Stock Down 0.2%

TCOM traded down $0.11 during trading on Wednesday, reaching $53.66. The company had a trading volume of 3,786,921 shares, compared to its average volume of 4,705,833. The business’s fifty day moving average price is $64.94 and its 200 day moving average price is $68.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.48. Trip.com Group has a 12 month low of $51.35 and a 12 month high of $78.99. The company has a market cap of $35.05 billion, a P/E ratio of 8.59, a PEG ratio of 3.74 and a beta of -0.14.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Bank of America boosted their target price on shares of Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Zacks Research cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Citigroup raised their target price on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th. Barclays upped their target price on shares of Trip.com Group from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 19th. Finally, Benchmark upped their price objective on Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.25.

Institutional Trading of Trip.com Group

A number of institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. lifted its stake in Trip.com Group by 237.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after acquiring an additional 280 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Trip.com Group by 601.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after purchasing an additional 475 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings 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 purchasing an additional 215 shares during the last quarter. Finally, Arax Advisory Partners grew its position in Trip.com Group by 850.6% in the fourth quarter. Arax Advisory Partners now owns 1,559 shares of the company’s stock valued at $112,000 after purchasing an additional 1,395 shares in 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.