Trip.com Group (NASDAQ:TCOM) Cut to Hold at HSBC

HSBC downgraded shares of Trip.com Group (NASDAQ:TCOM) from a buy rating to a hold rating in a report released on Thursday, MarketBeat Ratings reports.

TCOM has been the topic of several other reports. Mizuho lowered their target price on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. JPMorgan Chase & Co. reduced their price target on shares of Trip.com Group from $75.00 to $72.00 and set an “overweight” rating for the company in a research report on Tuesday, July 28th. Jefferies Financial Group reissued a “buy” rating and set a $63.00 price target on shares of Trip.com Group in a research note on Tuesday, July 28th. Barclays lowered their price target on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. Finally, Weiss Ratings cut Trip.com Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.45.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $41.03 on Thursday. The firm has a market capitalization of $26.65 billion, a P/E ratio of 6.42, a PEG ratio of 3.27 and a beta of -0.05. Trip.com Group has a one year low of $38.04 and a one year high of $78.99. The company’s fifty day moving average is $44.04 and its two-hundred day moving average is $48.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.53.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the company earned $0.82 earnings per share. The business’s revenue for the quarter was up 17.2% compared to the same quarter last year. Analysts forecast that Trip.com Group will post 3.13 EPS for the current fiscal year.

Institutional Trading of Trip.com Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Temasek Holdings Private Ltd increased its position in Trip.com Group by 67.1% during the 4th quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock worth $161,055,000 after purchasing an additional 899,469 shares in the last quarter. Perseverance Asset Management International acquired a new stake in shares of Trip.com Group during the 1st quarter worth about $33,608,000. Voloridge Investment Management LLC purchased a new stake in shares of Trip.com Group during the third quarter worth about $48,273,000. True Light Capital Pte. Ltd. purchased a new stake in shares of Trip.com Group during the fourth quarter worth about $26,876,000. Finally, Ardmore Road Asset Management LP purchased a new stake in shares of Trip.com Group during the first quarter worth about $14,937,000. 35.41% of the stock is currently owned by hedge funds and other 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.