Trip.com Group (NASDAQ:TCOM) Rating Lowered to “Hold” at StockNews.com

Trip.com Group (NASDAQ:TCOM) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also recently issued reports on TCOM. JPMorgan Chase & Co. reduced their price objective on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Benchmark reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, Citigroup increased their price objective on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $77.08.

Trip.com Group Price Performance

Shares of TCOM opened at $57.52 on Friday. The firm has a market capitalization of $37.05 billion, a PE ratio of 17.22, a PEG ratio of 0.67 and a beta of 0.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The company’s 50-day moving average is $60.12 and its 200-day moving average is $64.53. Trip.com Group has a fifty-two week low of $38.23 and a fifty-two week high of $77.18.

Institutional Investors Weigh In On Trip.com Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of Trip.com Group by 20.5% during the 3rd quarter. Geode Capital Management LLC now owns 317,894 shares of the company’s stock worth $18,892,000 after buying an additional 54,072 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Trip.com Group by 3.4% in the third quarter. Franklin Resources Inc. now owns 526,420 shares of the company’s stock worth $33,501,000 after acquiring an additional 17,416 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Trip.com Group in the 3rd quarter valued at approximately $1,227,000. Principal Financial Group Inc. grew its holdings in shares of Trip.com Group by 139.9% during the 3rd quarter. Principal Financial Group Inc. now owns 131,407 shares of the company’s stock valued at $7,810,000 after purchasing an additional 76,624 shares during the last quarter. Finally, Headwater Capital Co Ltd acquired a new position in Trip.com Group during the 4th quarter worth approximately $13,732,000. 35.41% of the stock is currently owned by institutional investors.

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.