Trip.com Group (NASDAQ:TCOM) Price Target Lowered to $56.00 at TD Cowen

Trip.com Group (NASDAQ:TCOM) had its target price reduced by TD Cowen from $63.00 to $56.00 in a research note released on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Benchmark reiterated a buy rating and issued a $72.00 price objective on shares of Trip.com Group in a report on Tuesday. Barclays lifted their price objective on shares of Trip.com Group from $60.00 to $76.00 and gave the company an overweight rating in a report on Wednesday, May 22nd. StockNews.com downgraded shares of Trip.com Group from a buy rating to a hold rating in a report on Tuesday, August 13th. CLSA lifted their price objective on shares of Trip.com Group from $55.00 to $64.00 and gave the company a buy rating in a report on Monday, May 13th. Finally, Mizuho boosted their target price on shares of Trip.com Group from $60.00 to $65.00 and gave the stock a buy rating in a report on Tuesday, May 21st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $62.50.

Trip.com Group Stock Performance

Shares of TCOM opened at $45.97 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.15 and a current ratio of 1.15. Trip.com Group has a twelve month low of $31.55 and a twelve month high of $58.00. The firm has a market cap of $29.61 billion, a P/E ratio of 20.71 and a beta of 0.42. The firm’s 50 day moving average price is $45.41 and its two-hundred day moving average price is $47.20.

Hedge Funds Weigh In On Trip.com Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Trip.com Group by 90.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock valued at $34,000 after purchasing an additional 452 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after purchasing an additional 986 shares during the last quarter. Hilltop National Bank increased its holdings in shares of Trip.com Group by 322.1% in the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after purchasing an additional 876 shares during the last quarter. Clarity Asset Management Inc. acquired a new position in shares of Trip.com Group in the fourth quarter valued at $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Trip.com Group in the second quarter valued at $66,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

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.