Trip.com Group (NASDAQ:TCOM) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Trip.com Group (NASDAQ:TCOM - Free Report) from a buy rating to a hold rating in a report issued on Saturday morning.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reduced their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Citigroup raised their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Finally, Benchmark reiterated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $77.08.

Trip.com Group Price Performance

Shares of TCOM stock traded down $0.38 during midday trading on Friday, reaching $58.95. 1,189,798 shares of the company traded hands, compared to its average volume of 4,053,887. Trip.com Group has a 1-year low of $38.23 and a 1-year high of $77.18. The firm has a market cap of $37.97 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. The firm's 50 day simple moving average is $59.82 and its two-hundred day simple moving average is $64.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Trip.com Group Announces Dividend

The company also recently announced a -- dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's payout ratio is currently 8.02%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Brooklyn Investment Group acquired a new position in Trip.com Group during the fourth quarter valued at approximately $25,000. National Bank of Canada FI grew its stake in Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after buying an additional 321 shares during the last quarter. Rakuten Securities Inc. grew its stake in Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after buying an additional 449 shares during the last quarter. Principal Securities Inc. raised its holdings in Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after acquiring an additional 169 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock worth $43,000 after acquiring an additional 510 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

Trip.com Group Company Profile

Trip.com Group Limited, through its subsidiaries, 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.