Trip.com Group (NASDAQ:TCOM) Issues Earnings Results

Trip.com Group (NASDAQ:TCOM) posted its quarterly earnings data on Monday. The company reported $3.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $2.61, Zacks reports. Trip.com Group had a net margin of 31.58% and a return on equity of 11.30%.

Trip.com Group Stock Down 1.6%

TCOM traded down $1.14 on Monday, reaching $70.89. 1,690,323 shares of the company traded hands, compared to its average volume of 3,155,108. The company has a market cap of $46.31 billion and a price-to-earnings ratio of 19.42. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.33 and a quick ratio of 1.33. The stock’s 50 day moving average price is $73.06 and its 200-day moving average price is $66.35. Trip.com Group has a 52-week low of $51.35 and a 52-week high of $78.65.

Wall Street Analyst Weigh In

TCOM has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Trip.com Group in a research note on Wednesday, October 8th. Mizuho increased their price objective on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Sanford C. Bernstein raised their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Barclays boosted their target price on Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.98.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors and hedge funds have recently modified their holdings of TCOM. Sig Brokerage LP acquired a new stake in Trip.com Group during the third quarter valued at $225,000. SIH Partners LLLP raised its stake in shares of Trip.com Group by 47.8% during the 3rd quarter. SIH Partners LLLP now owns 326,300 shares of the company’s stock worth $24,538,000 after purchasing an additional 105,456 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Trip.com Group by 53.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 531,387 shares of the company’s stock worth $39,960,000 after purchasing an additional 185,535 shares in the last quarter. Mariner LLC lifted its holdings in shares of Trip.com Group by 19.1% during the 3rd quarter. Mariner LLC now owns 11,707 shares of the company’s stock valued at $880,000 after buying an additional 1,877 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its stake in shares of Trip.com Group by 244.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 35,081 shares of the company’s stock valued at $2,638,000 after buying an additional 24,888 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, 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. The company 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, such as flight delay, air accident, 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.