Trip.com Group (NASDAQ:TCOM) Sets New 12-Month Low – Here’s Why

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

Wall Street Analyst Weigh In

TCOM has been the subject of a number of recent research reports. Benchmark reduced their target price on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company 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. Barclays reiterated an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research note on Thursday, February 26th. Zacks Research downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, TD Cowen decreased their target price 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. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.50.

Trip.com Group Trading Down 3.5%

The stock has a market capitalization of $29.30 billion, a P/E ratio of 6.73, a P/E/G ratio of 3.20 and a beta of -0.07. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $50.38 and a two-hundred day moving average price of $57.58.

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

Hedge Funds Weigh In On Trip.com Group

Several hedge funds have recently bought and sold shares of the company. Temasek Holdings Private Ltd increased 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 during the last quarter. Trivest Advisors Ltd lifted its stake in 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 purchasing an additional 100,000 shares during the last quarter. Sanders Capital LLC boosted its holdings in shares of Trip.com Group by 7.2% in the 3rd quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock valued at $742,088,000 after purchasing an additional 662,230 shares in the last quarter. XY Capital Ltd boosted its holdings in shares of Trip.com Group by 136.3% in the 3rd quarter. XY Capital Ltd now owns 60,000 shares of the company’s stock valued at $4,512,000 after purchasing an additional 34,610 shares in the last quarter. Finally, TT International Asset Management LTD bought a new position in shares of Trip.com Group in the 4th quarter valued at $3,247,000. 35.41% of the stock is owned by institutional investors.

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.