Trip.com Group (NASDAQ:TCOM) Downgraded by StockNews.com to Hold

Trip.com Group (NASDAQ:TCOM) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

TCOM has been the subject of a number of other research reports. Citigroup raised their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Sanford C. Bernstein assumed coverage on Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target on the stock. Barclays lifted their price objective on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. TD Cowen increased their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Macquarie raised their price objective on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group Trading Down 2.4 %

Shares of TCOM stock opened at $57.20 on Wednesday. Trip.com Group has a 52-week low of $38.23 and a 52-week high of $77.18. The company has a 50-day simple moving average of $67.71 and a two-hundred day simple moving average of $61.61. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $36.84 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 0.67 and a beta of 0.37.

Institutional Trading of Trip.com Group

Several large investors have recently modified their holdings of the business. FMR LLC raised its stake in Trip.com Group by 125.5% in the fourth quarter. FMR LLC now owns 25,088,658 shares of the company’s stock worth $1,722,587,000 after buying an additional 13,964,875 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Trip.com Group by 1,925.9% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company’s stock worth $205,057,000 after purchasing an additional 2,839,142 shares during the last quarter. Sanders Capital LLC raised its holdings in shares of Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after purchasing an additional 2,462,767 shares during the last quarter. Aspex Management HK Ltd purchased a new stake in Trip.com Group during the third quarter valued at $128,962,000. Finally, Wellington Management Group LLP boosted its position in Trip.com Group by 92.9% in the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock worth $299,700,000 after purchasing an additional 2,101,937 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

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.