Trip.com Group (NASDAQ:TCOM) Shares Gap Up – What’s Next?

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $39.25, but opened at $40.93. Trip.com Group shares last traded at $39.9570, with a volume of 1,284,679 shares trading hands.

Analysts Set New Price Targets

TCOM has been the topic of several research analyst reports. Benchmark reissued a “buy” rating on shares of Trip.com Group in a research note on Tuesday, July 28th. HSBC cut Trip.com Group from a “buy” rating to a “hold” rating in a report on Thursday, September 3rd. Nomura dropped their price target on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a research report on Friday, June 26th. JPMorgan Chase & Co. cut their price target on Trip.com Group from $75.00 to $72.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 28th. Finally, Mizuho set a $60.00 target price on shares of Trip.com Group in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Trip.com Group Price Performance

The firm has a market capitalization of $26.05 billion, a PE ratio of 6.25, a P/E/G ratio of 3.12 and a beta of -0.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a fifty day moving average price of $43.89 and a 200-day moving average price of $47.51.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The company had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter last year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. Sell-side analysts forecast that Trip.com Group Limited Sponsored ADR will post 3.13 EPS for the current fiscal year.

Institutional Trading of Trip.com Group

Institutional investors have recently modified their holdings of the company. TD Private Client Wealth LLC bought a new position in shares of Trip.com Group during the 4th quarter worth approximately $31,000. First Horizon Corp boosted its stake in Trip.com Group by 69.3% in the first quarter. First Horizon Corp now owns 611 shares of the company’s stock valued at $30,000 after acquiring an additional 250 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Trip.com Group in the second quarter worth $37,000. EverSource Wealth Advisors LLC grew its holdings in Trip.com Group by 24.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock worth $56,000 after purchasing an additional 218 shares during the last quarter. Finally, AdvisorShares Investments LLC increased its position in shares of Trip.com Group by 17.8% during the fourth quarter. AdvisorShares Investments LLC now owns 2,294 shares of the company’s stock worth $165,000 after purchasing an additional 347 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Company Profile

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in China. Originally founded as Ctrip in 1999, the company has expanded its operations and brands to serve travelers in China and international markets.

Through its Trip.com, Ctrip, Qunar and Skyscanner platforms, Trip.com Group provides hotel and accommodation bookings, transportation reservations, including air, rail and car services, vacation packages, guided tours and other travel-related products.