Stocks of Trip.com Group Limited (NASDAQ:TCOM) traded higher last session on Wall Street, up 2.72% to $40.38.
According to the data, Trip.com Group Limited (NASDAQ:TCOM) has 39 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $425.53 and a low of $288.78, we find $348.51. Given the previous closing price of $39.31, this indicates a potential upside of 786.57 percent. TCOM stock price is now 6.89% away from the 50-day moving average and 12.83% away from the 200-day moving average. The market capitalization of the company currently stands at $26.95B.
A total of 0 analysts have issued a hold rating and 32 have given it a buy rating. Brokers who have rated the stock have averaged $349.65 as their price target over the next twelve months.
With the price target enhanced from $39 to $50, JP Morgan Upgraded its rating from Neutral to Overweight for Trip.com Group Limited (NASDAQ: TCOM).
A total of 4.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TCOM stock. A new stake in Trip.com Group Limited shares was purchased by CAPITAL WORLD INVESTORS during the first quarter worth $953,363,000. DNB ASSET MANAGEMENT AS invested $29,601,000 in shares of TCOM during the first quarter. In the first quarter, KINGDON CAPITAL MANAGEMENT, L.L.C. acquired a new stake in Trip.com Group Limited valued at approximately $22,371,000. UNISUPER MANAGEMENT PTY LTD acquired a new stake in TCOM for approximately $8,823,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC purchased a new stake in TCOM valued at around $8,805,000 in the second quarter. In total, there are 595 active investors with 53.00% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $40.00 for Trip.com Group Limited (NASDAQ: TCOM). During the past 12 months, Trip.com Group Limited has had a low of $19.25 and a high of $43.59. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for TCOM is $37.89 and a two-hundred day moving average price translates $35.85 for the stock.
The latest earnings results from Trip.com Group Limited (NASDAQ: TCOM) was released for Mar, 2023. The net profit margin was 23.00% and return on equity was 5.10% for TCOM. The company reported revenue of $1.34 billion for the quarter, compared to $649.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 106.32 percent.
Trip.com Group Limited(TCOM) Company Profile
Trip.com Group Limited 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. It also provides independent leisure travelers bundled packaged-tour products comprising group, semi-group, and customized and packaged tours with various transportation arrangements, including air, cruise, bus, and car rental services. In addition, the company offers integrated transportation and accommodation services; destination transportation and ticket, activity, insurance, visa, and tour guide services; user support, supplier management, and customer relationship management services; and in-destination products and services. Further, it provides its corporate clients with business visit, incentive trip, meeting and conference, travel data collection and analysis, industry benchmark, cost saving analysis, and travel management solutions; and Corporate Travel Management System, an online platform that integrates information management, online booking and authorization, online inquiry, and travel reporting systems. Additionally, the company offers online advertising and financial services. It operates under the Ctrip, Qunar, Trip.com, and Skyscanner brands. The company was formerly known as Ctrip.com International, Ltd. and changed its name to Trip.com Group Limited in October 2019. Trip.com Group Limited was founded in 1999 and is headquartered in Shanghai, the People’s Republic of China.
