Trip.com Group (NASDAQ:TCOM) Reaches New 12-Month Low – Here’s What Happened

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) shares reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $37.99 and last traded at $38.09, with a volume of 2,039,864 shares. The stock had previously closed at $38.26.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings cut shares of Trip.com Group from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, September 16th. Citigroup dropped their price target on shares of Trip.com Group from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Mizuho cut their price objective on shares of Trip.com Group from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, September 16th. TD Cowen raised Trip.com Group to a “strong-buy” rating in a report on Monday, September 14th. Finally, JPMorgan Chase & Co. cut their price target on Trip.com Group from $72.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.45.

Trip.com Group Price Performance

The company has a market capitalization of $25.27 billion, a PE ratio of 8.02, a P/E/G ratio of 3.09 and a beta of -0.04. The business has a 50-day moving average of $42.36 and a 200 day moving average of $45.94.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Friday, August 14th. The company reported $1.07 earnings per share for the quarter. The business had revenue of $2.31 billion during the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%. As a group, research analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.07 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TCOM. QRG Capital Management Inc. increased its stake in shares of Trip.com Group by 30.3% during the second quarter. QRG Capital Management Inc. now owns 14,415 shares of the company’s stock worth $574,000 after purchasing an additional 3,351 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Trip.com Group by 13.1% during the 2nd quarter. Tidal Investments LLC now owns 151,316 shares of the company’s stock worth $6,028,000 after buying an additional 17,549 shares during the last quarter. C WorldWide Group Holding A S lifted its holdings in Trip.com Group by 2.1% in the second quarter. C WorldWide Group Holding A S now owns 613,630 shares of the company’s stock valued at $24,447,000 after acquiring an additional 12,463 shares during the last quarter. Corient Private Wealth LP lifted its holdings in Trip.com Group by 3.2% in the second quarter. Corient Private Wealth LP now owns 10,312 shares of the company’s stock valued at $411,000 after acquiring an additional 319 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG grew its position in Trip.com Group by 10.9% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 23,546 shares of the company’s stock worth $938,000 after acquiring an additional 2,307 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

About Trip.com Group

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in Shanghai, China. Formerly known as Ctrip.com International, the company adopted the Trip.com Group name in 2019 as it expanded its international presence. Its platform connects travelers with travel-related products and services in China and markets around the world.

The company provides accommodation reservations, transportation ticketing, packaged tours, and other travel services. Its offerings include hotel and lodging bookings, flights, train tickets, car rentals, attraction tickets, and vacation products.