Trip.com Group (NASDAQ:TCOM) Hits New 12-Month Low – Here’s Why

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $44.94 and last traded at $45.9310, with a volume of 334574 shares trading hands. The stock had previously closed at $45.10.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. 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. Barclays reissued an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Weiss Ratings lowered Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Benchmark cut their price target on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, TD Cowen decreased their price objective on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Trip.com Group currently has an average rating of “Moderate Buy” and a consensus target price of $77.50.

Trip.com Group Stock Up 3.2%

The firm has a market capitalization of $30.23 billion, a P/E ratio of 6.95, a PEG ratio of 3.13 and a beta of -0.07. 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 50 day moving average of $50.14 and a 200-day moving average of $57.23.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Saturday, February 14th. The company reported $0.71 earnings per share for the quarter. The firm had revenue of $2.20 billion during the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. Research analysts predict that Trip.com Group Limited Sponsored ADR will post 3.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. grew its stake in Trip.com Group by 237.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after buying an additional 280 shares in the last quarter. TD Private Client Wealth LLC bought a new stake in Trip.com Group during the 4th quarter valued at $31,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Trip.com Group by 601.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after acquiring an additional 475 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after acquiring an additional 450 shares in the last quarter. Finally, First Horizon Corp boosted its holdings in shares of Trip.com Group by 69.3% in the first quarter. First Horizon Corp now owns 611 shares of the company’s stock worth $30,000 after acquiring an additional 250 shares during the period. 35.41% of the stock is owned by institutional investors.

Trip.com Group Company Profile

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.