Trip.com Group (NASDAQ:TCOM) Price Target Raised to $72.00 at Citigroup

Trip.com Group (NASDAQ:TCOM) had its price target boosted by research analysts at Citigroup from $66.00 to $72.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target indicates a potential upside of 10.72% from the company’s current price.

Other equities analysts have also issued research reports about the company. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Benchmark reiterated a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a research report on Tuesday, August 27th. HSBC cut Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday. Hsbc Global Res downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, TD Cowen lowered their price target on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.63.

Trip.com Group Price Performance

TCOM stock opened at $65.03 on Thursday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $41.89 billion, a P/E ratio of 22.74 and a beta of 0.41. The business has a 50 day simple moving average of $49.64 and a 200-day simple moving average of $49.50. Trip.com Group has a twelve month low of $31.55 and a twelve month high of $69.67.

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

Institutional Investors Weigh In On Trip.com Group

Hedge funds have recently modified their holdings of the company. Old Well Partners LLC purchased a new position in shares of Trip.com Group during the fourth quarter valued at approximately $3,273,000. OLD Mission Capital LLC lifted its stake in shares of Trip.com Group by 8.4% during the 4th quarter. OLD Mission Capital LLC now owns 417,205 shares of the company’s stock worth $15,024,000 after purchasing an additional 32,311 shares during the period. Clarity Asset Management Inc. purchased a new position in shares of Trip.com Group during the 4th quarter worth $66,000. Dodge & Cox boosted its holdings in shares of Trip.com Group by 27.2% during the fourth quarter. Dodge & Cox now owns 30,400 shares of the company’s stock worth $1,095,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Ballentine Partners LLC grew its position in shares of Trip.com Group by 42.6% in the first quarter. Ballentine Partners LLC now owns 8,595 shares of the company’s stock valued at $377,000 after purchasing an additional 2,566 shares during the period. 35.41% of the stock is 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.