Trip.com Group (NASDAQ:TCOM) Shares Gap Up – Still a Buy?

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)’s share price gapped up prior to trading on Monday . The stock had previously closed at $42.45, but opened at $44.88. Trip.com Group shares last traded at $43.5270, with a volume of 616,750 shares changing hands.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Citigroup reduced their target price on shares of Trip.com Group from $82.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Bank of America decreased their price target on shares of Trip.com Group from $78.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, June 29th. China Renaissance reissued a “hold” rating and issued a $42.00 price objective on shares of Trip.com Group in a research note on Thursday, July 2nd. Finally, Zacks Research downgraded Trip.com Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Trip.com Group has a consensus rating of “Moderate Buy” and a consensus target price of $63.20.

Trip.com Group Stock Performance

The business has a 50-day moving average of $45.36 and a two-hundred day moving average of $52.71. The company has a market cap of $28.35 billion, a P/E ratio of 6.83, a P/E/G ratio of 3.38 and a beta of -0.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.53 and a quick ratio of 1.53.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Thursday, June 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. Trip.com Group’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. On average, sell-side analysts predict that Trip.com Group Limited Sponsored ADR will post 3.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. TT International Asset Management LTD purchased a new stake in shares of Trip.com Group during the 4th quarter valued at $3,247,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Trip.com Group by 10.6% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,022,009 shares of the company’s stock worth $73,493,000 after purchasing an additional 97,866 shares in the last quarter. APEIRON CAPITAL Ltd purchased a new position in Trip.com Group during the 1st quarter worth $3,485,000. Boston Common Asset Management LLC grew its stake in Trip.com Group by 104.1% during the 4th quarter. Boston Common Asset Management LLC now owns 335,934 shares of the company’s stock worth $24,157,000 after buying an additional 171,358 shares during the last quarter. Finally, Osborne Partners Capital Management LLC increased its position in Trip.com Group by 21.9% during the 4th quarter. Osborne Partners Capital Management LLC now owns 175,820 shares of the company’s stock valued at $12,643,000 after buying an additional 31,620 shares in the last quarter. Hedge funds and other institutional investors 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.