Shares of Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $49.92 and last traded at $49.12, with a volume of 523196 shares changing hands. The stock had previously closed at $49.00.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Citigroup lifted their price target on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, April 1st. UBS Group raised their price objective on Trip.com Group from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. StockNews.com raised Trip.com Group from a "hold" rating to a "buy" rating in a research report on Friday, February 23rd. Finally, Barclays raised their price target on Trip.com Group from $56.00 to $60.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $52.88.
Get Our Latest Stock Report on TCOM
Trip.com Group Stock Performance
The firm has a 50 day moving average price of $43.32 and a 200-day moving average price of $37.82. The stock has a market capitalization of $31.50 billion, a PE ratio of 23.55 and a beta of 0.56. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16.
Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.29. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. Research analysts expect that Trip.com Group Limited will post 2.54 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC boosted its position in Trip.com Group by 2.8% in the 4th quarter. Cerity Partners LLC now owns 12,071 shares of the company's stock worth $435,000 after purchasing an additional 328 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Trip.com Group by 10.9% during the third quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company's stock valued at $143,000 after buying an additional 402 shares during the period. Parallel Advisors LLC raised its position in shares of Trip.com Group by 14.5% in the fourth quarter. Parallel Advisors LLC now owns 3,396 shares of the company's stock worth $122,000 after acquiring an additional 430 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of Trip.com Group by 3.9% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,847 shares of the company's stock worth $414,000 after acquiring an additional 440 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in shares of Trip.com Group by 3.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,002 shares of the company's stock valued at $525,000 after acquiring an additional 445 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.
About Trip.com Group
(
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Trip.com Group Limited 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.
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