Trip.com Group (NASDAQ:TCOM) Shares Down 3.2% – Should You Sell?

Trip.com Group Limited (NASDAQ:TCOM)’s stock price was down 3.2% during mid-day trading on Wednesday . The stock traded as low as $61.53 and last traded at $61.94. Approximately 583,245 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 4,033,057 shares. The stock had previously closed at $64.02.

Wall Street Analyst Weigh In

TCOM has been the topic of several analyst reports. Sanford C. Bernstein started coverage on Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 target price on the stock. Citigroup lifted their price target on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. TD Cowen cut their price objective on Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. Finally, Benchmark reissued a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.33.

Trip.com Group Stock Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The firm’s 50 day moving average is $58.56 and its 200-day moving average is $51.89. The company has a market cap of $39.97 billion, a PE ratio of 21.66 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share 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 company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. On average, research analysts anticipate that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCOM. Capital World Investors grew its position 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 buying an additional 10,576,028 shares during the last quarter. FMR LLC boosted its holdings in Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after acquiring an additional 2,749,365 shares during the last quarter. Sanders Capital LLC increased its stake in Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after acquiring an additional 2,462,767 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Trip.com Group by 4,800.0% during the second quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock valued at $65,767,000 after acquiring an additional 1,370,741 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in shares of Trip.com Group by 413,028.8% in the first quarter. National Bank of Canada FI now owns 859,308 shares of the company’s stock worth $37,715,000 after acquiring an additional 859,100 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

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.