Shares of Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $51.26 and last traded at $50.49, with a volume of 904858 shares. The stock had previously closed at $50.48.
Wall Street Analyst Weigh In
TCOM has been the topic of several analyst reports. Benchmark restated a "buy" rating and issued a $55.00 target price on shares of Trip.com Group in a research report on Wednesday, April 17th. UBS Group upped their price objective on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, February 22nd. StockNews.com raised shares of Trip.com Group from a "hold" rating to a "buy" rating in a research note on Friday, February 23rd. Citigroup boosted their price target on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. Finally, Mizuho increased their price objective on shares of Trip.com Group from $55.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Trip.com Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.67.
View Our Latest Report on TCOM
Trip.com Group Price Performance
The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16. The company has a market cap of $32.69 billion, a price-to-earnings ratio of 24.38 and a beta of 0.56. The business has a 50-day moving average price of $45.42 and a 200 day moving average price of $38.84.
Trip.com Group (NASDAQ:TCOM - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.29. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. As a group, research analysts expect that Trip.com Group Limited will post 2.54 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Trip.com Group
Large investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Trip.com Group by 90.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company's stock valued at $34,000 after purchasing an additional 452 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Trip.com Group in the 3rd quarter worth about $66,000. Clarity Asset Management Inc. purchased a new stake in Trip.com Group in the 4th quarter worth about $66,000. Atlas Capital Advisors LLC acquired a new stake in Trip.com Group during the 1st quarter worth about $74,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in Trip.com Group by 21.1% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,245 shares of the company's stock valued at $114,000 after acquiring an additional 566 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.
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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