Trip.com Group (NASDAQ:TCOM) Sees Unusually-High Trading Volume

Trip.com Group Limited (NASDAQ:TCOM) saw unusually-high trading volume on Monday . Approximately 5,739,189 shares traded hands during mid-day trading, an increase of 47% from the previous session’s volume of 3,912,413 shares.The stock last traded at $62.66 and had previously closed at $61.32.

Wall Street Analyst Weigh In

TCOM has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. TD Cowen lowered their price target on Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Finally, Benchmark reaffirmed a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.50.

Trip.com Group Stock Up 5.2 %

The stock has a fifty day moving average of $46.02 and a two-hundred day moving average of $48.41. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The stock has a market cap of $40.26 billion, a price-to-earnings ratio of 28.16 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. As a group, analysts predict that Trip.com Group Limited will post 2.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Trip.com Group

A number of hedge funds have recently made changes to their positions in the business. Capital World Investors increased its holdings in Trip.com Group by 27.5% in the 1st quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock valued at $2,149,366,000 after purchasing an additional 10,576,028 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of Trip.com Group by 3,752.1% during the 4th quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock valued at $356,006,000 after buying an additional 9,629,673 shares during the period. Capital International Investors lifted its position in Trip.com Group by 0.4% during the 1st quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock worth $348,559,000 after acquiring an additional 29,768 shares in the last quarter. ARGA Investment Management LP lifted its position in Trip.com Group by 4.8% during the 1st quarter. ARGA Investment Management LP now owns 4,814,510 shares of the company’s stock worth $211,309,000 after acquiring an additional 219,359 shares in the last quarter. Finally, Kontiki Capital Management HK Ltd. boosted its holdings in Trip.com Group by 1.9% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company’s stock worth $198,549,000 after acquiring an additional 83,200 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Company Profile

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.