Trip.com Group (NASDAQ:TCOM) Hits New 1-Year Low - Time to Sell?

Key Points

• Trip.com Group shares fell to a new 52-week low of $38.02 during Friday trading, down 1.7%, with the stock trading below its 50-day and 200-day moving averages.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $60.45, despite some target cuts and a recent downgrade to “Sell.”
• The company reported $2.31 billion in quarterly revenue and $1.07 in EPS, while institutional investors own 35.41% of the stock and analysts forecast full-year EPS of $3.07.

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday. The company traded as low as $38.02 and last traded at $38.0890, with a volume of 1190439 shares. The stock had previously closed at $38.76.

Analysts Set New Price Targets

TCOM has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Trip.com Group from a "hold (c-)" rating to a "sell (d)" rating in a report on Wednesday, September 16th. Barclays dropped their price target on shares of Trip.com Group from $75.00 to $60.00 and set an "overweight" rating for the company in a research note on Friday, June 26th. Nomura cut their price target on shares of Trip.com Group from $51.00 to $44.00 and set a "neutral" rating for the company in a report on Thursday, September 17th. TD Cowen raised shares of Trip.com Group to a "strong-buy" rating in a research report on Monday, September 14th. Finally, Bank of America reiterated a "buy" rating on shares of Trip.com Group in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $60.45.

Trip.com Group Trading Down 1.7%

The stock has a market cap of $24.75 billion, a price-to-earnings ratio of 7.85, a P/E/G ratio of 3.19 and a beta of -0.04. The company's fifty day moving average is $43.22 and its two-hundred day moving average is $46.47.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported $1.07 EPS for the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%.The company had revenue of $2.31 billion for the quarter. Analysts predict that Trip.com Group Limited Sponsored ADR will post 3.07 EPS for the current year.

Institutional Trading of Trip.com Group

Institutional investors and hedge funds have recently bought and sold shares of the business. First Horizon Corp grew its holdings in shares of Trip.com Group by 69.3% in the first quarter. First Horizon Corp now owns 611 shares of the company's stock valued at $30,000 after purchasing an additional 250 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Trip.com Group during the 2nd quarter worth approximately $37,000. EverSource Wealth Advisors LLC boosted its position in Trip.com Group by 24.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company's stock valued at $56,000 after buying an additional 218 shares during the period. Cowa LLC purchased a new position in Trip.com Group in the 4th quarter valued at approximately $242,000. Finally, Sanctuary Advisors LLC grew its stake in shares of Trip.com Group by 47.0% in the first quarter. Sanctuary Advisors LLC now owns 4,943 shares of the company's stock worth $246,000 after acquiring an additional 1,581 shares in 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 Shanghai, China. Formerly known as Ctrip.com International, the company adopted the Trip.com Group name in 2019 as it expanded its international presence. Its platform connects travelers with travel-related products and services in China and markets around the world.

The company provides accommodation reservations, transportation ticketing, packaged tours, and other travel services. Its offerings include hotel and lodging bookings, flights, train tickets, car rentals, attraction tickets, and vacation products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.