Trip.com Group (NASDAQ:TCOM) Trading Up 5.8% – What’s Next?

Trip.com Group Limited (NASDAQ:TCOM)’s share price rose 5.8% during trading on Monday . The stock traded as high as $69.44 and last traded at $68.96. Approximately 714,797 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 4,062,013 shares. The stock had previously closed at $65.19.

Analyst Upgrades and Downgrades

TCOM has been the topic of several recent research reports. Hsbc Global Res lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Benchmark reiterated a “buy” rating and issued a $72.00 price objective on shares of Trip.com Group in a research report on Tuesday, August 27th. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Macquarie upgraded shares of Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. Finally, TD Cowen decreased their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.89.

Trip.com Group Stock Performance

The company has a market capitalization of $44.05 billion, a PE ratio of 23.81 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s fifty day simple moving average is $55.67 and its 200-day simple moving average is $51.05.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. As a group, equities analysts predict that Trip.com Group Limited will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. AIA Group Ltd increased its stake in shares of Trip.com Group by 22.7% during the 1st quarter. AIA Group Ltd now owns 110,994 shares of the company’s stock valued at $4,872,000 after acquiring an additional 20,545 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Trip.com Group by 58.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 80,829 shares of the company’s stock valued at $3,548,000 after acquiring an additional 29,829 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of Trip.com Group during the 1st quarter valued at about $3,000,000. OPTIMAS CAPITAL Ltd acquired a new position in shares of Trip.com Group during the 1st quarter valued at about $4,516,000. Finally, Atlas Capital Advisors LLC increased its stake in shares of Trip.com Group by 115.7% during the 2nd quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock valued at $171,000 after acquiring an additional 1,946 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.