Trip.com Group (NASDAQ:TCOM) Hits New 52-Week Low – What’s Next?

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) shares reached a new 52-week low during trading on Friday. The stock traded as low as $38.02 and last traded at $38.0890, with a volume of 1190439 shares. The stock had previously closed at $38.76.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TCOM shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $63.00 price target on shares of Trip.com Group in a research report on Tuesday, July 28th. Citigroup cut their target price on shares of Trip.com Group from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Mizuho reduced their target price on shares of Trip.com Group from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, September 16th. Bank of America reiterated a “buy” rating on shares of Trip.com Group in a research note on Wednesday, July 29th. Finally, Barclays dropped their price objective on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.45.

Trip.com Group Trading Down 1.7%

The firm has a market cap of $24.75 billion, a PE ratio of 7.85, a P/E/G ratio of 3.19 and a beta of -0.04. The business has a fifty day moving average price of $43.22 and a 200 day moving average price of $46.47.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Friday, August 14th. The company reported $1.07 EPS for the quarter. Trip.com Group had a net margin of 36.07% and a return on equity of 16.99%. The firm had revenue of $2.31 billion for the quarter. On average, research analysts expect that Trip.com Group Limited Sponsored ADR will post 3.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TCOM. First Horizon Corp lifted its holdings in shares of Trip.com Group by 69.3% in the 1st quarter. First Horizon Corp now owns 611 shares of the company’s stock valued at $30,000 after buying an additional 250 shares during the period. FNY Investment Advisers LLC purchased a new position in Trip.com Group during the 2nd quarter valued at about $37,000. EverSource Wealth Advisors LLC raised its position in shares of Trip.com Group by 24.0% during the 1st 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. Cowa LLC purchased a new stake in Trip.com Group in the 4th quarter valued at approximately $242,000. Finally, Sanctuary Advisors LLC grew its holdings in Trip.com Group by 47.0% during the 1st quarter. Sanctuary Advisors LLC now owns 4,943 shares of the company’s stock valued at $246,000 after buying an additional 1,581 shares during 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 Shanghai, China. Formerly known as Ctrip.com International, the company adopted the Trip.com Group name in 2019 as it expanded its international presence. Its platform connects travelers with travel-related products and services in China and markets around the world.

The company provides accommodation reservations, transportation ticketing, packaged tours, and other travel services. Its offerings include hotel and lodging bookings, flights, train tickets, car rentals, attraction tickets, and vacation products.