Trip.com Group (NASDAQ:TCOM) Trading Down 9%

Trip.com Group Limited (NASDAQ:TCOMGet Rating) dropped 9% during mid-day trading on Friday . The company traded as low as $23.83 and last traded at $24.08. Approximately 169,641 shares were traded during trading, a decline of 95% from the average daily volume of 3,291,353 shares. The stock had previously closed at $26.46.

Analyst Upgrades and Downgrades

TCOM has been the subject of several research reports. UBS Group initiated coverage on shares of Trip.com Group in a report on Friday. They issued a “neutral” rating for the company. Mizuho dropped their target price on shares of Trip.com Group from $32.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, June 28th. StockNews.com upgraded shares of Trip.com Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 6th. Benchmark dropped their target price on shares of Trip.com Group from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, June 28th. Finally, Citigroup lifted their target price on shares of Trip.com Group from $29.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, June 29th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Trip.com Group currently has an average rating of “Moderate Buy” and a consensus price target of $31.38.

Trip.com Group Price Performance

The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $15.07 billion, a PE ratio of -31.41 and a beta of 0.61. The company’s 50-day simple moving average is $26.07 and its 200 day simple moving average is $23.90.

Trip.com Group (NASDAQ:TCOMGet Rating) last released its quarterly earnings data on Monday, June 27th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.13. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Trip.com Group had a negative net margin of 16.53% and a positive return on equity of 0.51%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.12) EPS. On average, sell-side analysts predict that Trip.com Group Limited will post -0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

Institutional investors have recently modified their holdings of the company. Captrust Financial Advisors purchased a new stake in shares of Trip.com Group during the 2nd quarter worth $38,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Trip.com Group during the 2nd quarter worth $43,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Trip.com Group during the 2nd quarter worth $63,000. Ronald Blue Trust Inc. purchased a new stake in Trip.com Group in the second quarter valued at $61,000. Finally, Exane Derivatives purchased a new stake in Trip.com Group in the first quarter valued at $78,000. 54.08% of the stock is owned by hedge funds and other institutional investors.

About Trip.com Group

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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.

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