Stock Traders Purchase Large Volume of Put Options on Trip.com Group (NASDAQ:TCOM)

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) saw unusually large options trading on Friday. Stock investors bought 8,449 put options on the stock. This is an increase of approximately 105% compared to the typical volume of 4,120 put options.

Analyst Ratings Changes

TCOM has been the subject of several recent research reports. Bank of America cut their target price on shares of Trip.com Group from $78.00 to $64.00 and set a “buy” rating for the company in a research report on Monday, June 29th. Weiss Ratings downgraded Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Mizuho reduced their target price on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, June 25th. Benchmark decreased their target price 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. Finally, China Renaissance reaffirmed a “hold” rating and set a $42.00 price target on shares of Trip.com Group in a report on Thursday, July 2nd. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Trip.com Group presently has an average rating of “Moderate Buy” and an average price target of $63.20.

Trip.com Group Price Performance

NASDAQ:TCOM traded down $1.29 on Friday, reaching $42.45. 2,192,792 shares of the company’s stock traded hands, compared to its average volume of 3,516,746. The stock has a 50-day simple moving average of $45.89 and a 200-day simple moving average of $53.32. Trip.com Group has a 12 month low of $38.04 and a 12 month high of $78.99. The firm has a market cap of $27.58 billion, a PE ratio of 6.64, a P/E/G ratio of 3.28 and a beta of -0.03. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.83 earnings per share 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 business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the company earned $0.82 EPS. The business’s revenue was up 17.2% on a year-over-year basis. Equities research analysts forecast that Trip.com Group will post 3.27 earnings per share for the current year.

Institutional Trading of Trip.com Group

Large investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its holdings in shares of Trip.com Group by 237.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares in the last quarter. TD Private Client Wealth LLC bought a new position in Trip.com Group during the fourth quarter valued at $31,000. Caitong International Asset Management Co. Ltd lifted its position in Trip.com Group by 601.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after purchasing an additional 475 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after buying an additional 450 shares in the last quarter. Finally, First Horizon Corp increased its holdings in shares of Trip.com Group by 69.3% in the 1st quarter. First Horizon Corp now owns 611 shares of the company’s stock worth $30,000 after buying an additional 250 shares during the last quarter. 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.