Trip.com Group (NASDAQ:TCOM) Reaches New 12-Month Low – Here’s What Happened

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) reached a new 52-week low during trading on Tuesday . The stock traded as low as $45.89 and last traded at $46.2980, with a volume of 1718520 shares changing hands. The stock had previously closed at $47.40.

Analysts Set New Price Targets

Several research firms have recently commented on TCOM. Barclays reaffirmed an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. Weiss Ratings lowered shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. TD Cowen reduced their price target on shares of 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. Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, 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. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.50.

Trip.com Group Trading Down 2.5%

The company has a market cap of $30.03 billion, a PE ratio of 6.91, a price-to-earnings-growth ratio of 3.22 and a beta of -0.07. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $50.53 and a 200-day simple moving average of $57.91.

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

Institutional Trading of Trip.com Group

A number of large investors have recently modified their holdings of the stock. Temasek Holdings Private Ltd boosted its stake in Trip.com Group by 40.5% in the third quarter. Temasek Holdings Private Ltd now owns 1,340,202 shares of the company’s stock valued at $100,783,000 after acquiring an additional 386,333 shares in the last quarter. Trivest Advisors Ltd boosted its stake in shares of Trip.com Group by 10.0% during the third quarter. Trivest Advisors Ltd now owns 1,100,000 shares of the company’s stock worth $82,720,000 after buying an additional 100,000 shares during the period. Sanders Capital LLC boosted its stake in shares of Trip.com Group by 7.2% during the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after buying an additional 662,230 shares during the period. XY Capital Ltd raised its holdings in Trip.com Group by 136.3% during the third quarter. XY Capital Ltd now owns 60,000 shares of the company’s stock worth $4,512,000 after purchasing an additional 34,610 shares in the last quarter. Finally, TT International Asset Management LTD purchased a new position in Trip.com Group during the fourth quarter worth about $3,247,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

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.