Trip.com Group (NASDAQ:TCOM) Hits New 12-Month Low – Here’s Why

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $44.94 and last traded at $45.9310, with a volume of 334574 shares traded. The stock had previously closed at $45.10.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research note on Thursday, February 26th. Benchmark lowered their target price on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Weiss Ratings lowered shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Barclays reaffirmed an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. Finally, TD Cowen decreased their price target on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

Trip.com Group Stock Performance

The stock has a market capitalization of $30.23 billion, a price-to-earnings ratio of 6.95, a price-to-earnings-growth ratio of 3.13 and a beta of -0.07. The company has a 50 day simple moving average of $50.14 and a 200-day simple moving average of $57.23. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.71 EPS for the quarter. The company had revenue of $2.20 billion during the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. As a group, equities research analysts expect that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

A number of large investors have recently bought and sold shares of TCOM. Temasek Holdings Private Ltd lifted its stake in Trip.com Group by 40.5% during the 3rd quarter. Temasek Holdings Private Ltd now owns 1,340,202 shares of the company’s stock valued at $100,783,000 after acquiring an additional 386,333 shares in the last quarter. Trivest Advisors Ltd raised its holdings in shares of Trip.com Group by 10.0% in the third quarter. Trivest Advisors Ltd now owns 1,100,000 shares of the company’s stock valued at $82,720,000 after purchasing an additional 100,000 shares during the last quarter. Sanders Capital LLC lifted its position in shares of Trip.com Group by 7.2% during the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock valued at $742,088,000 after purchasing an additional 662,230 shares in the last quarter. XY Capital Ltd boosted its holdings in Trip.com Group by 136.3% during the third quarter. XY Capital Ltd now owns 60,000 shares of the company’s stock worth $4,512,000 after purchasing an additional 34,610 shares during the last quarter. Finally, TT International Asset Management LTD bought a new stake in Trip.com Group in the 4th quarter worth about $3,247,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Company Profile

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.