Trip.com Group (NASDAQ:TCOM) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Trip.com Group (NASDAQ:TCOM) from a hold rating to a buy rating in a research report report published on Friday morning.

A number of other analysts also recently weighed in on the stock. Barclays boosted their target price on shares of Trip.com Group from $60.00 to $76.00 and gave the stock an overweight rating in a report on Wednesday, May 22nd. CLSA lifted their price target on shares of Trip.com Group from $55.00 to $64.00 and gave the stock a buy rating in a research note on Monday, May 13th. Benchmark reaffirmed a buy rating and set a $72.00 price target on shares of Trip.com Group in a research note on Wednesday, June 12th. TD Cowen lifted their price target on shares of Trip.com Group from $53.00 to $63.00 and gave the stock a buy rating in a research note on Tuesday, May 21st. Finally, Mizuho lifted their price target on shares of Trip.com Group from $60.00 to $65.00 and gave the stock a buy rating in a research note on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $61.89.

Trip.com Group Stock Performance

Trip.com Group stock opened at $45.36 on Friday. The company’s 50-day moving average price is $50.75 and its 200-day moving average price is $46.23. Trip.com Group has a twelve month low of $31.55 and a twelve month high of $58.00. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.07. The company has a market cap of $29.22 billion, a PE ratio of 20.43 and a beta of 0.42.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Monday, May 20th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.21. Trip.com Group had a net margin of 22.99% and a return on equity of 10.73%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, equities research analysts forecast that Trip.com Group will post 2.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

Several large investors have recently added to or reduced their stakes in TCOM. Capital World Investors boosted its position in Trip.com Group by 40.4% in the 4th quarter. Capital World Investors now owns 38,395,626 shares of the company’s stock valued at $1,382,592,000 after buying an additional 11,039,672 shares during the period. Schroder Investment Management Group raised its holdings in shares of Trip.com Group by 3,752.1% in the 4th quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock valued at $356,006,000 after purchasing an additional 9,629,673 shares in the last quarter. Brilliance Asset Management Ltd. raised its holdings in shares of Trip.com Group by 433.6% in the 4th quarter. Brilliance Asset Management Ltd. now owns 1,904,603 shares of the company’s stock valued at $68,585,000 after purchasing an additional 1,547,659 shares in the last quarter. Green Court Capital Management Ltd raised its holdings in shares of Trip.com Group by 64.5% in the 4th quarter. Green Court Capital Management Ltd now owns 3,421,281 shares of the company’s stock valued at $123,200,000 after purchasing an additional 1,341,806 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in shares of Trip.com Group by 413,028.8% in the 1st quarter. National Bank of Canada FI now owns 859,308 shares of the company’s stock valued at $37,715,000 after purchasing an additional 859,100 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Company Profile

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.