Trip.com Group Limited (NASDAQ:TCOM – Get Rating) saw a sharp drop in short-term interest in October. As of October 15, there was short interest totaling 10,920,000 shares, a decline of 16.3% from the total of 13,050,000 shares as of September 30. Currently, 1.8% of the company’s shares are sold short. Based on an average daily trading volume of 4,490,000 shares, the day-to-cover ratio is currently 2.4 days.
Changes to analyst ratings
Several equity research analysts have recently commented on TCOM shares. Daiwa Capital Markets upgraded shares of Trip.com Group from a “neutral” rating to a “buy” rating in a Thursday, September 22 research report. StockNews.com began covering shares of Trip.com Group in a research report on Wednesday, October 12. They set a “hold” rating for the company. Barclays lowered its price target on shares of Trip.com Group from $35.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday. Finally, UBS Group began covering shares of Trip.com Group in a report on Friday, September 16. They set a “neutral” rating for the company. Three investment analysts gave the stock a hold rating and seven gave the company a buy rating. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.29.
Institutional trading of the Trip.com group
Institutional investors have recently changed their positions in the company. BlackRock Inc. increased its stake in Trip.com Group by 18.1% during the first quarter. BlackRock Inc. now owns 25,456,730 shares of the company worth $588,559,000 after purchasing an additional 3,893,531 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its stake in shares of the Trip.com group by 730.0% in the first quarter. ANTIPODES PARTNERS Ltd now owns 4,364,406 shares of the company valued at $100,905,000 after purchasing an additional 3,838,552 shares in the last quarter. ARGA Investment Management LP increased its holdings of Trip.com Group shares by 124.5% in the first quarter. ARGA Investment Management LP now owns 4,953,607 shares of the company valued at $114,527,000 after purchasing an additional 2,746,975 shares in the last quarter. FMR LLC increased its stake in Trip.com Group shares by 34.1% in the second quarter. FMR LLC now owns 10,615,674 shares of the company valued at $291,400,000 after purchasing an additional 2,696,922 shares in the last quarter. Finally, Krane Funds Advisors LLC increased its holdings of Trip.com Group shares by 21.5% in the first quarter. Krane Funds Advisors LLC now owns 11,571,401 shares of the company valued at $267,531,000 after purchasing an additional 2,045,920 shares in the last quarter. Institutional investors hold 54.08% of the company’s shares.
Trip.com Group shares down 1.6%
Shares of TCOM traded down $0.37 during Friday’s trading, hitting $22.83. The company’s stock had a trading volume of 4,044,564 shares, compared to its average volume of 6,000,944. The company has a fifty-day moving average price of $25.73 and a 200-day moving average price of $24.40 days. The company has a debt ratio of 0.16, a quick ratio of 1.11 and a current ratio of 1.11. Trip.com Group has a one-year minimum of $14.29 and a one-year maximum of $31.60.
Trip.com Group (NASDAQ:TCOM – Get Rating) last reported quarterly earnings data on Wednesday, September 21. The company reported ($0.12) EPS for the quarter, missing analyst consensus estimates of ($0.06) by ($0.06). The company had revenue of $598.00 million in the quarter, versus a consensus estimate of $540.72 million. The Trip.com Group posted a negative return on equity of 0.39% and a negative net margin of 14.47%. Analysts predict that Trip.com Group will post -0.1 EPS for the current year.
About Trip.com Group
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Trip.com Group Limited operates as a travel service provider for accommodation booking, transportation ticketing, tour and destination travel, business travel management and other travel-related services in China and abroad. The company acts as an agent for hotel-related transactions and the sale of air tickets, as well as train, long-distance bus and ferry tickets; travel insurance products, such as flight delays, air accidents and lost luggage; and airline ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracking, and airport VIP lounge services.
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