Trip.com Group (NASDAQ:TCOM) Shares Gap Down on Analyst Downgrade

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) gapped down prior to trading on Thursday after HSBC downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $43.63, but opened at $41.60. Trip.com Group shares last traded at $41.1110, with a volume of 1,210,479 shares changing hands.

A number of other equities analysts have also commented on TCOM. JPMorgan Chase & Co. dropped their price target on shares of Trip.com Group from $75.00 to $72.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 28th. Mizuho dropped their target price on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Jefferies Financial Group reissued a “buy” rating and set a $63.00 target price on shares of Trip.com Group in a research report on Tuesday, July 28th. Weiss Ratings cut shares of Trip.com Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Finally, Benchmark reaffirmed a “buy” rating on shares of Trip.com Group in a research report on Tuesday, July 28th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and a consensus price target of $62.45.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TCOM. Cantillon Capital Management LLC grew its holdings in shares of Trip.com Group by 1.4% in the 4th quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock worth $335,804,000 after purchasing an additional 63,637 shares during the last quarter. Temasek Holdings Private Ltd lifted its holdings in Trip.com Group by 67.1% during the 4th quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock valued at $161,055,000 after purchasing an additional 899,469 shares during the last quarter. Federated Hermes Inc. boosted its position in Trip.com Group by 6.5% in the fourth quarter. Federated Hermes Inc. now owns 1,621,454 shares of the company’s stock valued at $116,599,000 after buying an additional 98,386 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in Trip.com Group by 4.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 796,100 shares of the company’s stock valued at $57,248,000 after buying an additional 35,734 shares in the last quarter. Finally, Perseverance Asset Management International bought a new stake in Trip.com Group during the first quarter worth about $33,608,000. 35.41% of the stock is owned by institutional investors.

Trip.com Group Trading Down 5.4%

The company’s fifty day moving average price is $44.02 and its two-hundred day moving average price is $48.45. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06. The company has a market cap of $26.81 billion, a price-to-earnings ratio of 6.46, a price-to-earnings-growth ratio of 3.49 and a beta of -0.05.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Thursday, June 25th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.Trip.com Group’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 EPS. Research analysts expect that Trip.com Group Limited Sponsored ADR will post 3.14 earnings per share for the current year.

Trip.com Group Company Profile

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.