Trip.com Group (NASDAQ:TCOM) Raised to “Strong-Buy” at Hsbc Global Res

Trip.com Group (NASDAQ:TCOM) was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Macquarie boosted their target price on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday. Benchmark boosted their price objective on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen raised their target price on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday. Finally, Barclays boosted their target price on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.18.

Trip.com Group Stock Performance

Shares of NASDAQ:TCOM opened at $64.79 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. The business’s fifty day moving average price is $60.28 and its two-hundred day moving average price is $52.37. Trip.com Group has a fifty-two week low of $31.55 and a fifty-two week high of $69.67. The stock has a market capitalization of $41.73 billion, a price-to-earnings ratio of 19.40 and a beta of 0.39.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Trip.com Group by 0.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock valued at $1,908,000 after purchasing an additional 375 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of Trip.com Group by 10.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,512 shares of the company’s stock worth $1,471,000 after buying an additional 3,196 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Trip.com Group by 4.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 237,368 shares of the company’s stock worth $10,434,000 after buying an additional 10,689 shares during the period. Natixis increased its stake in shares of Trip.com Group by 50.9% in the 1st quarter. Natixis now owns 28,960 shares of the company’s stock valued at $1,271,000 after acquiring an additional 9,763 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Trip.com Group by 29.5% in the 1st quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company’s stock valued at $118,000 after acquiring an additional 613 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

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.