Trip.com Group (NASDAQ:TCOM) Upgraded to “Buy” by StockNews.com

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

Other equities analysts also recently issued reports about the company. Benchmark lifted their target price on Trip.com Group from $55.00 to $72.00 and gave the company a “buy” rating in a research report on Tuesday. TD Cowen lifted their target price on Trip.com Group from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday. CLSA lifted 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. Mizuho boosted their price objective on Trip.com Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, UBS Group boosted their price objective on Trip.com Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Trip.com Group presently has a consensus rating of “Moderate Buy” and an average target price of $60.30.

Trip.com Group Trading Down 2.4 %

NASDAQ TCOM traded down $1.33 during trading on Wednesday, hitting $54.50. The stock had a trading volume of 4,152,097 shares, compared to its average volume of 3,829,083. The company has a market capitalization of $35.10 billion, a PE ratio of 24.55 and a beta of 0.52. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. The firm has a 50 day moving average price of $49.52 and a 200 day moving average price of $41.64. Trip.com Group has a twelve month low of $30.70 and a twelve month high of $58.00.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.29. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Trip.com Group had a return on equity of 10.88% and a net margin of 22.99%. As a group, equities research analysts forecast that Trip.com Group will post 2.53 earnings per share for the current year.

Institutional Investors Weigh In On Trip.com Group

Institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. lifted its stake in Trip.com Group by 90.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock worth $34,000 after purchasing an additional 452 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in Trip.com Group during the first quarter worth approximately $74,000. Clarity Asset Management Inc. purchased a new stake in Trip.com Group during the fourth quarter worth approximately $66,000. Advisors Asset Management Inc. lifted its stake in Trip.com Group by 29.5% in the first quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company’s stock valued at $118,000 after buying an additional 613 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its stake in Trip.com Group by 11.4% in the first quarter. Lindbrook Capital LLC now owns 3,154 shares of the company’s stock valued at $138,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

About Trip.com Group

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.