Trip.com Group (NASDAQ:TCOM) Sets New 12-Month Low – Time to Sell?

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) shares hit a new 52-week low on Monday . The stock traded as low as $50.70 and last traded at $51.3220, with a volume of 943842 shares trading hands. The stock had previously closed at $52.62.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Bank of America raised their target price on shares of Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Barclays reissued an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research note on Thursday. Benchmark cut their target price on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley reiterated an “overweight” rating and issued a $75.00 price target on shares of Trip.com Group in a research report on Thursday. Finally, TD Cowen lowered their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a research note on Thursday. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Trip.com Group presently has an average rating of “Moderate Buy” and an average target price of $77.00.

Trip.com Group Price Performance

The firm has a market capitalization of $33.71 billion, a P/E ratio of 7.70, a P/E/G ratio of 3.71 and a beta of -0.15. The firm’s 50 day simple moving average is $63.81 and its two-hundred day simple moving average is $68.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.48.

Institutional Investors Weigh In On Trip.com Group

Several large investors have recently bought and sold shares of TCOM. Capital World Investors boosted its holdings in Trip.com Group by 5.3% in the 3rd quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock worth $2,849,066,000 after buying an additional 1,912,238 shares during the period. Temasek Holdings Private Ltd lifted its stake in shares of Trip.com Group by 67.1% during the 4th quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock worth $161,055,000 after acquiring an additional 899,469 shares during the last quarter. Norges Bank bought a new position in Trip.com Group in the 2nd quarter worth about $45,205,000. CIBC Bancorp USA Inc. purchased a new position in shares of Trip.com Group during the third quarter valued at $56,979,000. Finally, Sanders Capital LLC boosted its position in Trip.com Group by 7.2% during the 3rd quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock valued at $742,088,000 after acquiring an additional 662,230 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

About Trip.com Group

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.