Trip.com Group (NASDAQ:TCOM) Reaches New 12-Month Low – Time to Sell?

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $47.68 and last traded at $47.7660, with a volume of 620690 shares traded. The stock had previously closed at $48.95.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TCOM. Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. TD Cowen decreased their target price on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Morgan Stanley restated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. Benchmark decreased their target price on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Barclays restated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Trip.com Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.50.

Trip.com Group Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market capitalization of $31.22 billion, a P/E ratio of 7.17, a price-to-earnings-growth ratio of 3.37 and a beta of -0.03. The firm has a 50-day moving average price of $51.74 and a 200 day moving average price of $60.80.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.71 EPS for the quarter. The firm had revenue of $2.20 billion for the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%. On average, analysts expect that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current year.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Capital World Investors grew its position in Trip.com Group by 5.3% during the 3rd quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock worth $2,849,066,000 after acquiring an additional 1,912,238 shares during the last quarter. Sanders Capital LLC grew its position in Trip.com Group by 7.2% during the 3rd quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after acquiring an additional 662,230 shares during the last quarter. Capital International Investors grew its position in Trip.com Group by 0.6% during the 3rd quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock worth $479,742,000 after acquiring an additional 37,916 shares during the last quarter. Davis Selected Advisers grew its position in Trip.com Group by 2.3% during the 4th quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock worth $363,389,000 after acquiring an additional 111,944 shares during the last quarter. Finally, Cantillon Capital Management LLC grew its position in Trip.com Group by 1.4% during the 4th quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock worth $335,804,000 after acquiring an additional 63,637 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

About Trip.com Group

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.