Trip.com Group (NASDAQ:TCOM) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Trip.com Group (NASDAQ:TCOM) released its quarterly earnings data on Wednesday. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01, reports. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.30 billion.

Trip.com Group Stock Performance

NASDAQ:TCOM traded up $0.80 on Wednesday, hitting $46.30. The company’s stock had a trading volume of 2,775,906 shares, compared to its average volume of 3,483,786. Trip.com Group has a one year low of $44.63 and a one year high of $78.99. The firm has a market capitalization of $30.08 billion, a P/E ratio of 6.91, a price-to-earnings-growth ratio of 3.22 and a beta of -0.07. The stock has a fifty day moving average of $49.92 and a two-hundred day moving average of $56.89. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07.

Wall Street Analyst Weigh In

Several research analysts recently commented on TCOM shares. 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 report on Thursday, February 26th. TD Cowen lowered 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 note on Thursday, February 26th. Morgan Stanley restated an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research note on Thursday, February 26th. Barclays restated an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a report on Thursday, February 26th. Finally, Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Voloridge Investment Management LLC bought a new position in Trip.com Group during the 3rd quarter worth $48,273,000. Qube Research & Technologies Ltd grew its holdings in shares of Trip.com Group by 53.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 531,387 shares of the company’s stock worth $39,960,000 after purchasing an additional 185,535 shares in the last quarter. Norges Bank bought a new position in shares of Trip.com Group in the fourth quarter worth $11,856,000. Maytus Capital Management LLC increased its position in shares of Trip.com Group by 354.9% in the second quarter. Maytus Capital Management LLC now owns 163,727 shares of the company’s stock worth $9,601,000 after purchasing an additional 127,738 shares during the period. Finally, SIH Partners LLLP raised its stake in Trip.com Group by 47.8% in the third quarter. SIH Partners LLLP now owns 326,300 shares of the company’s stock valued at $24,538,000 after purchasing an additional 105,456 shares in the last quarter. Institutional investors and hedge funds 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.