Trip.com Group (NASDAQ:TCOM) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Trip.com Group (NASDAQ:TCOM) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

Several other research firms have also recently commented on TCOM. Weiss Ratings reiterated a “hold (c+)” rating on shares of Trip.com Group in a report on Wednesday, October 8th. Barclays boosted their target price on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Sanford C. Bernstein increased their target price on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Mizuho raised their price target on Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.98.

Trip.com Group Stock Performance

Shares of Trip.com Group stock opened at $70.55 on Tuesday. The business has a 50-day simple moving average of $72.67 and a 200-day simple moving average of $65.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. Trip.com Group has a one year low of $51.35 and a one year high of $78.65. The company has a market cap of $46.09 billion, a PE ratio of 19.33, a P/E/G ratio of 2.79 and a beta of 0.03.

Hedge Funds Weigh In On Trip.com Group

Hedge funds have recently modified their holdings of the business. First Horizon Corp acquired a new position in shares of Trip.com Group in the 3rd quarter valued at $27,000. Stone House Investment Management LLC purchased a new position in Trip.com Group during the 1st quarter worth $32,000. NewEdge Advisors LLC grew its position in Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after purchasing an additional 215 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of Trip.com Group by 67.2% in the second quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock valued at $50,000 after buying an additional 342 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other 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.