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

Trip.com Group (NASDAQ:TCOM) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other research firms have also weighed in on TCOM. Hsbc Global Res lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Tuesday. Macquarie increased their target price on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a report on Wednesday. Barclays upped their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Citigroup raised their target price on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.18.

Trip.com Group Trading Up 3.3 %

Shares of NASDAQ:TCOM traded up $2.05 during mid-day trading on Wednesday, reaching $64.79. 4,488,373 shares of the company were exchanged, compared to its average volume of 4,046,274. Trip.com Group has a 1 year low of $31.55 and a 1 year high of $69.67. 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 firm’s 50-day simple moving average is $60.28 and its 200 day simple moving average is $52.37. The firm has a market cap of $41.73 billion, a price-to-earnings ratio of 19.40 and a beta of 0.39.

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

Institutional Inflows and Outflows

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