Trip.com Group (NASDAQ:TCOM) Sets New 52-Week Low – Time to Sell?

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $50.70 and last traded at $51.3220, with a volume of 943842 shares trading hands. The stock had previously closed at $52.62.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TCOM shares. Citigroup upped their price target on shares of Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Zacks Research cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. TD Cowen decreased their price objective on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Morgan Stanley restated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research report on Thursday, February 26th. Finally, Weiss Ratings lowered Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Trip.com Group Stock Up 0.5%

The business’s 50 day simple moving average is $62.94 and its 200 day simple moving average is $68.61. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $33.79 billion, a PE ratio of 7.72, a price-to-earnings-growth ratio of 3.63 and a beta of -0.15.

Institutional Investors Weigh In On Trip.com Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TCOM. Royal Bank of Canada grew its stake in shares of Trip.com Group by 22.9% in the 1st quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock valued at $2,068,000 after buying an additional 6,062 shares in the last quarter. NewEdge Advisors LLC grew its position in Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after acquiring an additional 450 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Trip.com Group by 332.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock worth $2,549,000 after acquiring an additional 30,819 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of Trip.com Group by 167.2% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 13,695 shares of the company’s stock worth $803,000 after purchasing an additional 8,569 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Trip.com Group by 1,507.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,849 shares of the company’s stock valued at $108,000 after purchasing an additional 1,734 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.