Trip.com Group (NASDAQ:TCOM) Raised to Hold at Zacks Research

Key Points

• Zacks Research upgraded Trip.com Group to “Hold” from “Strong Sell.”
• Analyst views are mixed, but the consensus rating is “Moderate Buy,” with an average price target of $60.45.
• Shares opened at $41.38; the stock’s 52-week range is $37.58–$78.99, and institutional investors own 35.41% of shares.

Trip.com Group (NASDAQ:TCOM - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Monday, Zacks reports.

TCOM has been the subject of several other reports. Weiss Ratings lowered Trip.com Group from a "hold (c-)" rating to a "sell (d)" rating in a report on Wednesday, September 16th. Jefferies Financial Group reiterated a "buy" rating and set a $63.00 price target on shares of Trip.com Group in a report on Tuesday, July 28th. JPMorgan Chase & Co. cut their price objective on Trip.com Group from $72.00 to $62.00 and set an "overweight" rating on the stock in a research report on Thursday, September 17th. Nomura reduced their price objective on Trip.com Group from $51.00 to $44.00 and set a "neutral" rating for the company in a research note on Thursday, September 17th. Finally, Mizuho decreased their price target on shares of Trip.com Group from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Trip.com Group currently has a consensus rating of "Moderate Buy" and an average price target of $60.45.

Trip.com Group Price Performance

Shares of TCOM stock opened at $41.38 on Monday. The firm has a 50-day moving average of $40.29 and a 200-day moving average of $47.76. Trip.com Group has a one year low of $37.58 and a one year high of $78.99. The company has a market cap of $26.88 billion and a P/E ratio of 8.53.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The company reported $1.07 earnings per share (EPS) for the quarter. The business had revenue of $2.31 billion during the quarter. Trip.com Group had a net margin of 36.07% and a return on equity of 16.99%. As a group, research analysts expect that Trip.com Group will post 3.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in Trip.com Group by 24.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company's stock valued at $56,000 after purchasing an additional 218 shares during the last quarter. First Horizon Corp grew its stake in Trip.com Group by 69.3% in the 1st quarter. First Horizon Corp now owns 611 shares of the company's stock worth $30,000 after buying an additional 250 shares in the last quarter. Corient Private Wealth LP increased its holdings in shares of Trip.com Group by 3.2% in the 2nd quarter. Corient Private Wealth LP now owns 10,312 shares of the company's stock worth $411,000 after buying an additional 319 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Trip.com Group by 4.6% in the 1st quarter. NewEdge Advisors LLC now owns 7,259 shares of the company's stock worth $361,000 after buying an additional 321 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Trip.com Group by 5.7% in the 3rd quarter. Parallel Advisors LLC now owns 6,862 shares of the company's stock worth $268,000 after buying an additional 371 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Company Profile

Trip.com Group Limited NASDAQ: TCOM is a global online travel services company headquartered in China. Founded in 1999 as Ctrip, the company changed its name to Trip.com Group in 2019 to reflect its expanding international operations and portfolio of travel brands.

The company operates online platforms that help travelers research, plan and book trips. Its services include hotel and accommodation reservations, airline and train ticketing, vacation packages, attraction tickets, car rentals and other travel-related products.

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