Trip.com Group (NASDAQ:TCOM) Reaches New 52-Week High – What’s Next?

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $78.78 and last traded at $78.6250, with a volume of 1013828 shares changing hands. The stock had previously closed at $75.66.

Analyst Ratings Changes

A number of equities analysts have commented on TCOM shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th. Barclays upped their price target on Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 19th. Benchmark lifted their price objective on Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Citigroup increased their target price on Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Finally, Zacks Research raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat, Trip.com Group currently has an average rating of “Buy” and a consensus price target of $81.25.

Trip.com Group Price Performance

The firm has a 50 day moving average price of $71.92 and a 200 day moving average price of $69.21. The stock has a market capitalization of $51.58 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 2.52 and a beta of -0.13. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06.

Institutional Trading of Trip.com Group

Institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Corp bought a new position in Trip.com Group in the 3rd quarter worth $27,000. NewEdge Advisors LLC raised its holdings in Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after acquiring an additional 450 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after acquiring an additional 215 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Trip.com Group by 601.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after acquiring an additional 475 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in Trip.com Group by 67.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock worth $50,000 after purchasing an additional 342 shares during the period. 35.41% of the stock is currently 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.