Trip.com Group (NASDAQ:TCOM) Reaches New 1-Year High at $51.26

Trip.com Group Limited (NASDAQ:TCOM)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $51.26 and last traded at $50.49, with a volume of 904858 shares traded. The stock had previously closed at $50.48.

Analyst Upgrades and Downgrades

TCOM has been the topic of several recent research reports. HSBC lifted their target price on shares of Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, April 12th. Benchmark reaffirmed a “buy” rating and set a $55.00 target price on shares of Trip.com Group in a research report on Wednesday, April 17th. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Barclays upped their target price on Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Finally, Mizuho upped their price target 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 analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.67.

Trip.com Group Stock 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 stock’s 50-day moving average price is $45.42 and its 200-day moving average price is $38.84. The company has a market capitalization of $32.61 billion, a P/E ratio of 24.39 and a beta of 0.56.

Trip.com Group (NASDAQ:TCOM) last issued its 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. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. As a group, equities analysts expect that Trip.com Group Limited will post 2.54 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TCOM. Nordea Investment Management AB raised its holdings in shares of Trip.com Group by 1,628.6% during the fourth quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock valued at $42,368,000 after buying an additional 1,109,727 shares during the last quarter. AIA Group Ltd boosted its position in Trip.com Group by 43.1% during the 4th quarter. AIA Group Ltd now owns 90,449 shares of the company’s stock worth $3,257,000 after acquiring an additional 27,236 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Trip.com Group by 137.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company’s stock worth $1,284,000 after purchasing an additional 20,654 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its holdings in shares of Trip.com Group by 112.3% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company’s stock valued at $6,769,000 after purchasing an additional 99,460 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Trip.com Group by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 4,172,916 shares of the company’s stock valued at $145,927,000 after purchasing an additional 81,201 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

About Trip.com Group

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.