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

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

Trip.com Group Stock Performance

NASDAQ TCOM traded up $0.80 on Wednesday, hitting $46.30. 2,775,906 shares of the stock were exchanged, compared to its average volume of 3,483,786. The business’s fifty day moving average is $49.92 and its 200 day moving average is $56.89. Trip.com Group has a 52 week low of $44.63 and a 52 week high of $78.99. The company has a market capitalization of $30.08 billion, a PE ratio of 6.91, a P/E/G ratio of 3.22 and a beta of -0.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55.

Institutional Investors Weigh In On Trip.com Group

Several hedge funds have recently bought and sold shares of the company. Boothbay Fund Management LLC acquired a new position in shares of Trip.com Group during the 4th quarter worth approximately $223,000. Persistent Asset Partners Ltd acquired a new stake in Trip.com Group during the fourth quarter worth approximately $175,000. Atlas Capital Advisors Inc. bought a new stake in shares of Trip.com Group during the fourth quarter worth approximately $239,000. Smartleaf Asset Management LLC boosted its holdings in shares of Trip.com Group by 10.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,882 shares of the company’s stock worth $208,000 after acquiring an additional 283 shares during the period. Finally, United Capital Financial Advisors LLC acquired a new position in shares of Trip.com Group in the third quarter valued at approximately $205,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TCOM has been the subject of a number of research reports. Morgan Stanley reiterated an “overweight” rating and set a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Benchmark reduced their price objective on 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 cut 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 objective on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Barclays reaffirmed an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research report on Thursday, February 26th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.50.

About Trip.com Group

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.