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

Trip.com Group (NASDAQ:TCOM) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday, Zacks reports.

Several other research firms also recently commented on TCOM. Mizuho decreased their price target on shares of Trip.com Group from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 16th. Nomura cut their price objective on shares of Trip.com Group from $51.00 to $44.00 and set a “neutral” rating for the company in a research note on Thursday, September 17th. Benchmark reaffirmed a “buy” rating on shares of Trip.com Group in a research note on Tuesday, July 28th. HSBC lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Trip.com Group from $72.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell 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 $60.45.

Trip.com Group Trading Up 1.0%

Shares of Trip.com Group stock opened at $41.38 on Monday. The firm has a market capitalization of $26.88 billion and a PE ratio of 8.53. The business’s 50-day moving average price is $40.29 and its 200-day moving average price is $47.76. Trip.com Group has a 12 month low of $37.58 and a 12 month high of $78.99.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Friday, August 14th. The company reported $1.07 earnings per share for the quarter. The company had revenue of $2.31 billion during the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%. As a group, analysts predict that Trip.com Group will post 3.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Trip.com Group

A number of large investors have recently bought and sold shares of TCOM. Public Employees Retirement System of Ohio purchased a new stake in shares of Trip.com Group during the second quarter valued at approximately $5,210,000. Hsbc Holdings PLC boosted its position in Trip.com Group by 544.1% during the 4th quarter. Hsbc Holdings PLC now owns 73,747 shares of the company’s stock valued at $5,280,000 after acquiring an additional 62,298 shares in the last quarter. Royal Bank of Canada raised its holdings in Trip.com Group by 162.6% in the first quarter. Royal Bank of Canada now owns 136,340 shares of the company’s stock worth $6,789,000 after purchasing an additional 84,423 shares in the last quarter. ABN Amro Investment Solutions boosted its stake in Trip.com Group by 91.5% during the first quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company’s stock worth $24,595,000 after acquiring an additional 235,997 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Trip.com Group by 24.8% in the 1st quarter. Sei Investments Co. now owns 370,430 shares of the company’s stock worth $18,444,000 after purchasing an additional 73,650 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Company Profile

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in China. Founded in 1999 as Ctrip, the company changed its name to Trip.com Group in 2019 to reflect its expanding international operations and portfolio of travel brands.

The company operates online platforms that help travelers research, plan and book trips. Its services include hotel and accommodation reservations, airline and train ticketing, vacation packages, attraction tickets, car rentals and other travel-related products.