Zacks Research Downgrades Trip.com Group (NASDAQ:TCOM) to Strong Sell

Trip.com Group (NASDAQ:TCOM) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages also recently commented on TCOM. Citigroup lowered their target price on shares of Trip.com Group from $82.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. Mizuho cut their price target on Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Benchmark decreased their price target on Trip.com Group from $72.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Weiss Ratings downgraded Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Finally, Nomura decreased their target price on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating for the company in a research note on Friday, June 26th. Eight analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Trip.com Group currently has an average rating of “Moderate Buy” and an average target price of $65.56.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $41.08 on Tuesday. Trip.com Group has a 52 week low of $38.04 and a 52 week high of $78.99. The company has a fifty day simple moving average of $48.43 and a two-hundred day simple moving average of $55.65. 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 $26.68 billion, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of 3.05 and a beta of -0.03.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the business posted $0.82 earnings per share. The firm’s revenue was up 17.2% on a year-over-year basis. As a group, equities analysts anticipate that Trip.com Group will post 3.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Trip.com Group

Several hedge funds have recently made changes to their positions in the company. Capital World Investors lifted its holdings in shares of Trip.com Group by 5.3% in the 3rd quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock valued at $2,849,066,000 after purchasing an additional 1,912,238 shares during the last quarter. Sanders Capital LLC grew its stake in Trip.com Group by 7.2% during the 3rd 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 last quarter. Capital International Investors increased its position in Trip.com Group by 0.6% during the third quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock worth $479,742,000 after buying an additional 37,916 shares during the period. Davis Selected Advisers lifted its stake in Trip.com Group by 2.3% in the fourth quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock valued at $363,389,000 after buying an additional 111,944 shares during the last quarter. Finally, Cantillon Capital Management LLC boosted its holdings in shares of Trip.com Group by 1.4% in the fourth quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock valued at $335,804,000 after acquiring an additional 63,637 shares during the period. 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.