Trip.com Group (NASDAQ:TCOM) Lowered to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Trip.com Group (NASDAQ:TCOM) from a hold rating to a strong sell rating in a research report released on Tuesday morning,Zacks.com reports.

Several other research firms also recently issued reports on TCOM. Mizuho cut their price objective on Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Nomura dropped their target price on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating for the company in a research report on Friday, June 26th. Benchmark cut their price target on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Barclays reduced their price target on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. Finally, Bank of America lowered their price objective on shares of Trip.com Group from $78.00 to $64.00 and set a “buy” rating for the company in a research note on Monday. Eight research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.56.

Trip.com Group Stock Up 3.1%

Trip.com Group stock opened at $41.08 on Tuesday. The company has a market capitalization of $26.68 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 3.05 and a beta of -0.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.53. Trip.com Group has a fifty-two week low of $38.04 and a fifty-two week high of $78.99. The firm has a 50 day moving average price of $48.43 and a 200 day moving average price of $55.65.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the company earned $0.82 earnings per share. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. Research analysts expect that Trip.com Group will post 3.27 earnings per share for the current year.

Institutional Trading of Trip.com Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its stake in shares of Trip.com Group by 7.0% in the 3rd quarter. Allworth Financial LP now owns 2,154 shares of the company’s stock valued at $162,000 after purchasing an additional 140 shares during the last quarter. Park Avenue Securities LLC raised its stake in shares of 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 purchasing an additional 148 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Trip.com Group by 2.1% during the second quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock worth $523,000 after purchasing an additional 176 shares during the period. CWM LLC lifted its holdings in shares of Trip.com Group by 8.0% during the fourth quarter. CWM LLC now owns 2,443 shares of the company’s stock worth $176,000 after purchasing an additional 181 shares during the period. Finally, Main Management ETF Advisors LLC grew its position in Trip.com Group by 1.0% in the 4th quarter. Main Management ETF Advisors LLC now owns 18,009 shares of the company’s stock valued at $1,295,000 after buying an additional 184 shares during the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.