Trip.com Group Limited (NASDAQ:TCOM) Short Interest Update

by · The Cerbat Gem

Trip.com Group Limited (NASDAQ:TCOM – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 16,390,000 shares, an increase of 100.6% from the May 31st total of 8,170,000 shares. Based on an average daily volume of 3,680,000 shares, the days-to-cover ratio is currently 4.5 days.

Analyst Ratings Changes

A number of analysts recently issued reports on TCOM shares. Mizuho upped their target price on Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Benchmark reissued a “buy” rating and issued a $72.00 target price on shares of Trip.com Group in a research report on Wednesday, June 12th. HSBC upped their target price on Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 12th. CLSA upped their target price on Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, Citigroup upped their target price on Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.89.

Read Our Latest Stock Analysis on Trip.com Group

Hedge Funds Weigh In On Trip.com Group

A number of large investors have recently modified their holdings of the business. Cetera Advisors LLC purchased a new position in shares of Trip.com Group during the 1st quarter worth approximately $432,000. Swedbank AB purchased a new position in shares of Trip.com Group during the 1st quarter worth approximately $8,891,000. Tidal Investments LLC raised its stake in shares of Trip.com Group by 698.7% during the 1st quarter. Tidal Investments LLC now owns 89,432 shares of the company’s stock worth $3,925,000 after buying an additional 78,235 shares in the last quarter. Kontiki Capital Management HK Ltd. increased its stake 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 valued at $198,549,000 after purchasing an additional 83,200 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in Trip.com Group in the 1st quarter valued at approximately $742,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Stock Performance

Trip.com Group stock traded down $0.50 during mid-day trading on Friday, reaching $47.00. 3,632,427 shares of the company were exchanged, compared to its average volume of 3,332,683. The firm has a market cap of $30.27 billion, a PE ratio of 21.17 and a beta of 0.44. The firm’s 50-day simple moving average is $51.61 and its two-hundred day simple moving average is $44.62. Trip.com Group has a twelve month low of $31.55 and a twelve month high of $58.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.15 and a current ratio of 1.15.

Trip.com Group (NASDAQ:TCOM – Get Free Report) last issued its earnings results on Monday, May 20th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.21. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.61 billion. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. Equities analysts predict that Trip.com Group will post 2.66 earnings per share for the current fiscal year.

About Trip.com Group

(Get Free Report)

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.

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