Trip.com Group (NASDAQ:TCOM) Coverage Initiated at Sanford C. Bernstein

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

A number of other analysts have also recently issued reports on the company. HSBC cut Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Citigroup raised their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Hsbc Global Res lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Macquarie upgraded shares of Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. Finally, Benchmark restated a “buy” rating and set a $72.00 price target on shares of Trip.com Group in a research report on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Trip.com Group currently has an average rating of “Moderate Buy” and an average price target of $66.89.

Trip.com Group Stock Up 2.0 %

Shares of NASDAQ TCOM opened at $68.43 on Monday. 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 stock has a market capitalization of $44.08 billion, a PE ratio of 24.04 and a beta of 0.39. Trip.com Group has a one year low of $31.55 and a one year high of $69.67. The business’s fifty day moving average price is $57.03 and its 200-day moving average price is $51.44.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TCOM. Capital World Investors lifted its stake in Trip.com Group by 27.5% during the first quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock worth $2,149,366,000 after purchasing an additional 10,576,028 shares during the last quarter. Capital International Investors lifted its position in Trip.com Group by 0.4% in the 1st quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock worth $348,559,000 after buying an additional 29,768 shares during the last quarter. Cantillon Capital Management LLC boosted its stake in Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock worth $289,328,000 after buying an additional 629,508 shares in the last quarter. Kontiki Capital Management HK Ltd. grew its position in Trip.com Group by 1.9% during the first quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company’s stock valued at $198,549,000 after acquiring an additional 83,200 shares during the last quarter. Finally, Ninety One UK Ltd raised its stake in shares of Trip.com Group by 1.3% during the second quarter. Ninety One UK Ltd now owns 2,748,579 shares of the company’s stock worth $129,183,000 after acquiring an additional 36,122 shares in the last quarter. 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.