Trip.com Group (NASDAQ:TCOM) Stock Price Up 5.8% – What’s Next?

Trip.com Group Limited (NASDAQ:TCOM) shares were up 5.8% during mid-day trading on Monday . The company traded as high as $69.44 and last traded at $68.96. Approximately 714,797 shares changed hands during trading, a decline of 82% from the average daily volume of 4,062,013 shares. The stock had previously closed at $65.19.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TCOM shares. Sanford C. Bernstein began coverage on Trip.com Group in a research note on Monday. They issued an “outperform” rating and a $85.00 target price on the stock. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. HSBC lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Macquarie upgraded shares of Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. Finally, TD Cowen reduced their target price on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.89.

Trip.com Group Trading Up 1.8 %

The stock has a market capitalization of $44.07 billion, a P/E ratio of 23.92 and a beta of 0.39. The stock’s 50 day moving average price is $56.61 and its 200-day moving average price is $51.33. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. As a group, equities research analysts expect that Trip.com Group Limited will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new stake in shares of Trip.com Group during the first quarter valued at about $423,000. Janney Montgomery Scott LLC bought a new position in shares of Trip.com Group during the 1st quarter worth approximately $740,000. AIA Group Ltd raised its stake in shares of Trip.com Group by 22.7% during the 1st quarter. AIA Group Ltd now owns 110,994 shares of the company’s stock worth $4,872,000 after acquiring an additional 20,545 shares in the last quarter. OPTIMAS CAPITAL Ltd acquired a new stake in Trip.com Group in the first quarter valued at approximately $4,516,000. Finally, SIH Partners LLLP boosted its stake in Trip.com Group by 782.2% in the first quarter. SIH Partners LLLP now owns 471,100 shares of the company’s stock valued at $20,677,000 after acquiring an additional 417,700 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.