Trip.com Group (NASDAQ:TCOM) Rating Lowered to “Hold” at HSBC

Trip.com Group (NASDAQ:TCOM) was downgraded by equities research analysts at HSBC from a “buy” rating to a “hold” rating in a research note issued on Thursday, Marketbeat Ratings reports.

A number of other research analysts have also weighed in on TCOM. Bank of America reiterated a “buy” rating on shares of Trip.com Group in a research note on Wednesday, July 29th. Nomura reduced their price target on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a report on Friday, June 26th. Citigroup lowered their price target on shares of Trip.com Group from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. China Renaissance restated a “hold” rating and issued a $42.00 target price on shares of Trip.com Group in a report on Thursday, July 2nd. Finally, Zacks Research downgraded shares of Trip.com Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Nine equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Trip.com Group currently has an average rating of “Moderate Buy” and an average price target of $62.45.

Trip.com Group Stock Down 5.7%

TCOM stock traded down $2.48 during trading on Thursday, reaching $41.15. 1,070,163 shares of the stock were exchanged, compared to its average volume of 3,333,194. The firm has a market cap of $26.73 billion, a P/E ratio of 6.43, a price-to-earnings-growth ratio of 3.49 and a beta of -0.05. Trip.com Group has a twelve month low of $38.04 and a twelve month high of $78.99. The firm’s 50 day moving average is $44.02 and its 200 day moving average is $48.45. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.30 billion. Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 EPS. As a group, research analysts forecast that Trip.com Group will post 3.14 EPS for the current year.

Institutional Trading of Trip.com Group

Several large investors have recently bought and sold shares of TCOM. Cantillon Capital Management LLC raised its holdings in Trip.com Group by 1.4% in the 4th quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock valued at $335,804,000 after acquiring an additional 63,637 shares during the last quarter. Temasek Holdings Private Ltd boosted its position in shares of Trip.com Group by 67.1% in the fourth quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock worth $161,055,000 after buying an additional 899,469 shares during the period. Federated Hermes Inc. raised its holdings in shares of Trip.com Group by 6.5% during the 4th quarter. Federated Hermes Inc. now owns 1,621,454 shares of the company’s stock valued at $116,599,000 after buying an additional 98,386 shares during the period. CIBC Private Wealth Group LLC lifted its position in Trip.com Group by 4.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 796,100 shares of the company’s stock worth $57,248,000 after acquiring an additional 35,734 shares in the last quarter. Finally, Perseverance Asset Management International purchased a new stake in shares of Trip.com Group during the first quarter valued at approximately $33,608,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

About Trip.com Group

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.