Trip.com Group (NASDAQ:TCOM) Hits New 12-Month Low – What’s Next?

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $47.68 and last traded at $47.7660, with a volume of 620690 shares changing hands. The stock had previously closed at $48.95.

Wall Street Analyst Weigh In

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

Trip.com Group Stock Down 1.8%

The stock’s 50-day moving average price is $51.95 and its two-hundred day moving average price is $61.12. The stock has a market capitalization of $31.21 billion, a P/E ratio of 7.17, a P/E/G ratio of 3.42 and a beta of -0.03. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Saturday, February 14th. The company reported $0.71 earnings per share for the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. The firm had revenue of $2.20 billion during the quarter. As a group, research analysts expect that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of Trip.com Group by 24.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock valued at $56,000 after buying an additional 218 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Trip.com Group by 162.6% during the 1st quarter. Royal Bank of Canada now owns 136,340 shares of the company’s stock valued at $6,789,000 after buying an additional 84,423 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Trip.com Group by 227.1% during the 1st quarter. Empowered Funds LLC now owns 10,883 shares of the company’s stock valued at $542,000 after buying an additional 7,556 shares during the last quarter. Ardmore Road Asset Management LP purchased a new position in shares of Trip.com Group during the 1st quarter valued at $14,937,000. Finally, OMERS ADMINISTRATION Corp lifted its position in shares of Trip.com Group by 57.7% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 19,689 shares of the company’s stock valued at $980,000 after buying an additional 7,200 shares during the last quarter. Hedge funds and other institutional investors 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.