Trip.com Group Limited (NASDAQ:TCOM) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 15,070,000 shares, a growth of 28.4% from the March 31st total of 11,740,000 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average trading volume of 5,220,000 shares, the days-to-cover ratio is presently 2.9 days.
Institutional investors and hedge funds have recently bought and sold shares of the stock. SOA Wealth Advisors LLC. grew its position in Trip.com Group by 533.0% during the 1st quarter. SOA Wealth Advisors LLC. now owns 633 shares of the company’s stock worth $25,000 after acquiring an additional 533 shares during the last quarter. Allworth Financial LP bought a new position in Trip.com Group during the 1st quarter worth approximately $37,000. Signaturefd LLC grew its position in Trip.com Group by 15.8% during the 1st quarter. Signaturefd LLC now owns 2,652 shares of the company’s stock worth $105,000 after acquiring an additional 362 shares during the last quarter. GVO Asset Management Ltd bought a new stake in shares of Trip.com Group in the 1st quarter worth approximately $130,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Trip.com Group by 43.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,874 shares of the company’s stock worth $131,000 after buying an additional 1,174 shares during the last quarter.
TCOM has been the subject of several research reports. UBS Group increased their price target on Trip.com Group from $34.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, March 5th. Zacks Investment Research raised Trip.com Group from a “sell” rating to a “hold” rating in a report on Saturday, March 27th. Sanford C. Bernstein initiated coverage on Trip.com Group in a report on Tuesday, March 2nd. They issued an “outperform” rating and a $51.00 price target on the stock. Cowen raised their price target on Trip.com Group from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Tuesday, March 30th. Finally, Mizuho raised their price target on Trip.com Group from $38.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, March 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Trip.com Group presently has a consensus rating of “Buy” and an average price target of $40.33.
Shares of Trip.com Group stock opened at $38.39 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $23.02 billion, a PE ratio of -71.09 and a beta of 1.33. The business’s 50-day moving average price is $38.96 and its 200-day moving average price is $35.55. Trip.com Group has a 12 month low of $22.35 and a 12 month high of $45.19.
Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Tuesday, March 2nd. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $1.47. Trip.com Group had a negative return on equity of 2.45% and a negative net margin of 9.55%. The business had revenue of $761.00 million for the quarter, compared to analyst estimates of $761.78 million. During the same period last year, the company earned $0.28 EPS. Trip.com Group’s revenue for the quarter was down 35.7% compared to the same quarter last year. As a group, analysts predict that Trip.com Group will post -0.93 earnings per share for the current fiscal year.
About Trip.com Group
Trip.com Group Limited 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. It 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, including flight delay insurance, air accident insurance, 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.
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