Trip.com Group (NASDAQ:TCOM) Price Target Raised to $78.00 at Citigroup

Trip.com Group (NASDAQ:TCOM) had its price target hoisted by Citigroup from $73.00 to $78.00 in a report issued on Friday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 15.38% from the company’s current price.

TCOM has been the topic of several other reports. Barclays raised their price objective on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. HSBC raised 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 note on Tuesday, November 19th. Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Benchmark raised their target price on Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, TD Cowen raised their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $74.78.

Trip.com Group Stock Up 4.4 %

TCOM opened at $67.60 on Friday. The company has a fifty day moving average of $67.54 and a two-hundred day moving average of $56.00. The stock has a market capitalization of $43.54 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.10 and a beta of 0.38. Trip.com Group has a fifty-two week low of $34.42 and a fifty-two week high of $77.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Hedge Funds Weigh In On Trip.com Group

Hedge funds have recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC purchased a new stake in shares of Trip.com Group during the third quarter worth $38,000. Benjamin F. Edwards & Company Inc. raised its stake in Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after acquiring an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Trip.com Group in the second quarter valued at $66,000. CWM LLC boosted its stake in Trip.com Group by 10.4% in the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after acquiring an additional 220 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Trip.com Group by 101.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock valued at $189,000 after purchasing an additional 1,595 shares during the period. Hedge funds and other institutional investors 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.