Trip.com Group (NASDAQ:TCOM) Hits New 1-Year Low – Time to Sell?

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOMGet Free Report)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $48.72 and last traded at $48.8820, with a volume of 1527086 shares traded. The stock had previously closed at $50.22.

Key Trip.com Group News

Here are the key news stories impacting Trip.com Group this week:

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Morgan Stanley reissued an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research note on Thursday, February 26th. Zacks Research downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Barclays reissued an “overweight” rating and issued a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. TD Cowen decreased their price target 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. Finally, Weiss Ratings downgraded shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

View Our Latest Analysis on TCOM

Trip.com Group Trading Down 2.9%

The company has a 50 day moving average of $55.83 and a 200 day moving average of $66.65. The firm has a market cap of $31.86 billion, a P/E ratio of 7.28, a PEG ratio of 3.54 and a beta of -0.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.48 and a current ratio of 1.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP boosted its holdings in Trip.com Group by 7.0% in the third quarter. Allworth Financial LP now owns 2,154 shares of the company’s stock worth $162,000 after purchasing an additional 140 shares in the last quarter. Park Avenue Securities LLC increased its position in Trip.com Group by 5.2% during the fourth quarter. Park Avenue Securities LLC now owns 2,997 shares of the company’s stock worth $216,000 after buying an additional 148 shares during the last quarter. Advisory Services Network LLC raised its holdings in Trip.com Group by 2.1% during the second quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock valued at $523,000 after buying an additional 176 shares in the last quarter. CWM LLC lifted its position in shares of Trip.com Group by 8.0% in the fourth quarter. CWM LLC now owns 2,443 shares of the company’s stock worth $176,000 after buying an additional 181 shares during the last quarter. Finally, Main Management ETF Advisors LLC lifted its position in shares of Trip.com Group by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 18,009 shares of the company’s stock worth $1,295,000 after buying an additional 184 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Company Profile

(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.

Further Reading

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