StockNews.com Downgrades Trip.com Group (NASDAQ:TCOM) to Hold

StockNews.com lowered shares of Trip.com Group (NASDAQ:TCOM) from a buy rating to a hold rating in a research note released on Wednesday.

Several other brokerages have also recently commented on TCOM. Macquarie boosted their price target on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. TD Cowen boosted their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target on the stock. Benchmark reiterated a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday. Finally, Hsbc Global Res raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Trip.com Group has an average rating of “Buy” and an average price target of $77.31.

Trip.com Group Price Performance

TCOM opened at $58.61 on Wednesday. The stock has a fifty day moving average price of $68.01 and a 200 day moving average price of $61.64. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group has a 1 year low of $38.23 and a 1 year high of $77.18. The stock has a market cap of $37.75 billion, a price-to-earnings ratio of 17.55, a PEG ratio of 0.67 and a beta of 0.37.

Institutional Trading of Trip.com Group

Several hedge funds have recently added to or reduced their stakes in the business. Creative Planning boosted its position in shares of Trip.com Group by 1.7% in the third quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after acquiring an additional 423 shares during the period. Raymond James & Associates boosted its holdings in Trip.com Group by 9.1% in the 3rd quarter. Raymond James & Associates now owns 40,998 shares of the company’s stock valued at $2,437,000 after purchasing an additional 3,425 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Trip.com Group by 79.2% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 33,062 shares of the company’s stock valued at $1,965,000 after purchasing an additional 14,612 shares during the period. New York State Common Retirement Fund grew its position in Trip.com Group by 155.1% in the 3rd quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company’s stock worth $68,099,000 after purchasing an additional 696,766 shares during the last quarter. Finally, WT Asset Management Ltd bought a new position in shares of Trip.com Group during the 3rd quarter worth about $1,373,000. Institutional investors 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.