Trip.com Group (NASDAQ:TCOM) Reaches New 52-Week Low – Time to Sell?

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOMGet Free Report) reached a new 52-week low on Friday . The stock traded as low as $48.72 and last traded at $48.8820, with a volume of 1527086 shares traded. The stock had previously closed at $50.22.

More Trip.com Group News

Here are the key news stories impacting Trip.com Group this week:

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TCOM. TD Cowen dropped their target price on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Benchmark reduced their price target on Trip.com Group from $82.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a report on Thursday, February 26th. Finally, Barclays reissued an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Nine investment 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 presently has an average rating of “Moderate Buy” and an average price target of $77.00.

Read Our Latest Stock Analysis on TCOM

Trip.com Group Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.48. The stock has a 50-day moving average price of $55.56 and a 200-day moving average price of $66.44. The company has a market capitalization of $31.68 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 3.34 and a beta of -0.15.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Horizon Corp acquired a new stake in shares of Trip.com Group during the 3rd quarter worth about $27,000. Brown Brothers Harriman & Co. grew its stake in Trip.com Group by 237.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after buying an additional 280 shares during the last quarter. TD Private Client Wealth LLC bought a new position in Trip.com Group in the 4th quarter valued at about $31,000. NewEdge Advisors LLC raised its holdings in Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after acquiring an additional 450 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in Trip.com Group by 44.2% during the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after acquiring an additional 215 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Company Profile

(Get Free Report)

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.

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