Sanford C. Bernstein Begins Coverage on Trip.com Group (NASDAQ:TCOM)

Sanford C. Bernstein assumed coverage on shares of Trip.com Group (NASDAQ:TCOM) in a research report released on Monday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $85.00 price target on the stock.

A number of other research firms also recently issued reports on TCOM. Hsbc Global Res downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Citigroup upped their price target on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Macquarie raised shares of Trip.com Group to a “strong-buy” rating in a report on Monday, October 7th. Finally, TD Cowen lowered their target price on Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Trip.com Group has an average rating of “Moderate Buy” and a consensus target price of $66.89.

Trip.com Group Stock Down 2.0 %

Shares of TCOM opened at $67.06 on Monday. The firm has a market capitalization of $43.19 billion, a P/E ratio of 23.45 and a beta of 0.39. Trip.com Group has a 12-month low of $31.55 and a 12-month high of $69.67. The firm has a fifty day moving average price of $57.03 and a 200-day moving average price of $51.44. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Equities research analysts expect that Trip.com Group will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors LLC boosted its holdings in Trip.com Group by 10.0% in the third quarter. Natixis Advisors LLC now owns 42,561 shares of the company’s stock worth $2,529,000 after acquiring an additional 3,883 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new position in shares of Trip.com Group in the 3rd quarter valued at approximately $2,615,000. KBC Group NV boosted its stake in Trip.com Group by 0.8% in the 3rd quarter. KBC Group NV now owns 125,607 shares of the company’s stock worth $7,465,000 after purchasing an additional 1,001 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Trip.com Group during the 3rd quarter worth approximately $739,000. Finally, Victory Capital Management Inc. increased its stake in Trip.com Group by 45.5% during the 3rd quarter. Victory Capital Management Inc. now owns 10,985 shares of the company’s stock valued at $653,000 after purchasing an additional 3,433 shares in the last quarter. 35.41% of the stock is currently 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.