Short Interest in Trip.com Group Limited (NASDAQ:TCOM) Declines By 20.2%
Trip.com Group Limited (NASDAQ:TCOM – Get Free Report) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 9,110,000 shares, a decline of 20.2% from the October 31st total of 11,420,000 shares. Based on an average daily volume of 4,340,000 shares, the days-to-cover ratio is currently 2.1 days.
Institutional Trading of Trip.com Group
A number of large investors have recently bought and sold shares of TCOM. Deutsche Bank AG grew its position in shares of Trip.com Group by 204.4% in the third quarter. Deutsche Bank AG now owns 229,024 shares of the company’s stock valued at $8,009,000 after purchasing an additional 153,781 shares in the last quarter. Diversified Trust Co bought a new stake in Trip.com Group during the third quarter valued at $1,473,000. The Manufacturers Life Insurance Company boosted its stake in Trip.com Group by 18.6% during the third quarter. The Manufacturers Life Insurance Company now owns 1,077,817 shares of the company’s stock valued at $37,691,000 after buying an additional 168,930 shares during the period. GSA Capital Partners LLP boosted its stake in Trip.com Group by 310.3% during the third quarter. GSA Capital Partners LLP now owns 67,116 shares of the company’s stock valued at $2,347,000 after buying an additional 50,760 shares during the period. Finally, SCEP Management Ltd bought a new stake in Trip.com Group during the third quarter valued at $8,742,000. 38.24% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
TCOM has been the topic of a number of recent analyst reports. Mizuho boosted their target price on Trip.com Group from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, September 5th. Benchmark reissued a “buy” rating and set a $55.00 target price on shares of Trip.com Group in a report on Tuesday, November 21st. TD Cowen boosted their target price on Trip.com Group from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, September 7th. Barclays boosted their target price on Trip.com Group from $49.00 to $56.00 and gave the stock an “overweight” rating in a report on Wednesday, September 6th. Finally, TheStreet raised Trip.com Group from a “c” rating to a “b-” rating in a report on Tuesday, November 21st. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.85.
Get Our Latest Analysis on TCOM
Trip.com Group Stock Down 3.0 %
Shares of TCOM stock traded down $1.04 during trading hours on Friday, reaching $34.14. The company had a trading volume of 4,482,111 shares, compared to its average volume of 4,559,224. The business has a fifty day simple moving average of $34.37 and a 200-day simple moving average of $35.76. The company has a market cap of $22.06 billion, a price-to-earnings ratio of 15.64 and a beta of 0.61. Trip.com Group has a 12 month low of $30.70 and a 12 month high of $43.59. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.17 and a quick ratio of 1.17.
Trip.com Group (NASDAQ:TCOM – Get Free Report) last issued its quarterly earnings results on Monday, September 4th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.20. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.51 billion. Trip.com Group had a return on equity of 7.95% and a net margin of 27.48%. On average, research analysts expect that Trip.com Group will post 1.77 earnings per share for the current fiscal year.
About Trip.com Group (Get Free Report)
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.
Further Reading
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Original: MarketBeat News Feed: Short Interest in Trip.com Group Limited (NASDAQ:TCOM) Declines By 20.2%