Trip.com Group (NASDAQ:TCOM) Announces Earnings Results, Beats Estimates By $0.01 EPS

Trip.com Group (NASDAQ:TCOM) posted its quarterly earnings results on Wednesday. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01, reports. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%.The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.30 billion.

Trip.com Group Trading Up 1.8%

Shares of Trip.com Group stock traded up $0.80 on Wednesday, hitting $46.30. 2,775,906 shares of the company’s stock traded hands, compared to its average volume of 3,483,786. Trip.com Group has a one year low of $44.63 and a one year high of $78.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55. The company has a fifty day moving average of $49.92 and a two-hundred day moving average of $56.89. The company has a market capitalization of $30.08 billion, a price-to-earnings ratio of 6.91, a price-to-earnings-growth ratio of 3.22 and a beta of -0.07.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Benchmark reduced their price objective on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings cut Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. TD Cowen reduced their target price on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Morgan Stanley reiterated an “overweight” rating and issued a $75.00 price target on shares of Trip.com Group in a research note on Thursday, February 26th. Finally, Barclays reissued an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. boosted its holdings in shares of Trip.com Group by 237.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock worth $29,000 after buying an additional 280 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after buying an additional 450 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after buying an additional 215 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of Trip.com Group by 601.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after acquiring an additional 475 shares in the last quarter. Finally, Arax Advisory Partners increased its stake in shares of Trip.com Group by 850.6% in the 4th quarter. Arax Advisory Partners now owns 1,559 shares of the company’s stock valued at $112,000 after acquiring an additional 1,395 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

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.