Trip.com Group (NASDAQ:TCOM) Hits New 12-Month Low - Should You Sell?

Key Points

• Trip.com Group shares fell to a new 52-week low of $37.99, below both their 50-day average of $42.69 and 200-day average of $46.08.
• Analysts have reduced several price targets, but the stock retains a consensus “Moderate Buy” rating with an average target of $60.45, implying substantial upside from the current price.
• The company reported quarterly revenue of $2.31 billion and earnings per share of $1.07, while analysts expect full-year EPS of approximately $3.07; institutional investors own 35.41% of its shares.

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Get Free Report) shares reached a new 52-week low during trading on Thursday. The company traded as low as $37.99 and last traded at $38.09, with a volume of 2039864 shares trading hands. The stock had previously closed at $38.26.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TCOM shares. Nomura cut their price objective on Trip.com Group from $51.00 to $44.00 and set a "neutral" rating for the company in a report on Thursday, September 17th. China Renaissance restated a "hold" rating and issued a $42.00 target price on shares of Trip.com Group in a research report on Thursday, July 2nd. Bank of America restated a "buy" rating on shares of Trip.com Group in a research report on Wednesday, July 29th. JPMorgan Chase & Co. decreased their price target on shares of Trip.com Group from $72.00 to $62.00 and set an "overweight" rating on the stock in a research note on Thursday, September 17th. Finally, Barclays lowered their price objective on shares of Trip.com Group from $75.00 to $60.00 and set an "overweight" rating for the company in a report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.45.

Trip.com Group Trading Down 0.4%

The stock has a 50 day simple moving average of $42.69 and a 200 day simple moving average of $46.08. The firm has a market capitalization of $24.74 billion, a PE ratio of 7.85, a PEG ratio of 3.12 and a beta of -0.04.

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

Hedge Funds Weigh In On Trip.com Group

Hedge funds have recently modified their holdings of the company. First Horizon Corp grew its stake 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 worth $30,000 after purchasing an additional 250 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Trip.com Group in the 2nd quarter worth approximately $37,000. EverSource Wealth Advisors LLC grew its position in shares of Trip.com Group by 24.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company's stock worth $56,000 after buying an additional 218 shares during the last quarter. Cowa LLC bought a new stake in shares of Trip.com Group in the 4th quarter worth approximately $242,000. Finally, Sanctuary Advisors LLC grew its position in shares of Trip.com Group by 47.0% in the 1st quarter. Sanctuary Advisors LLC now owns 4,943 shares of the company's stock worth $246,000 after buying an additional 1,581 shares during 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 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.

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