Trip.com Group (NASDAQ:TCOM) Given New $80.00 Price Target at Benchmark

Trip.com Group (NASDAQ:TCOM) had its target price raised by Benchmark from $72.00 to $80.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. Mizuho lifted their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. TD Cowen dropped their target price on Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. HSBC cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Sanford C. Bernstein assumed coverage on Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target on the stock. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trip.com Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.56.

Trip.com Group Trading Up 2.3 %

NASDAQ TCOM opened at $62.74 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $40.41 billion, a price-to-earnings ratio of 18.78 and a beta of 0.39. The firm’s 50 day moving average price is $59.93 and its two-hundred day moving average price is $52.28. 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 released its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Equities analysts anticipate that Trip.com Group will post 2.93 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its position in Trip.com Group by 20.5% in the third quarter. Geode Capital Management LLC now owns 317,894 shares of the company’s stock worth $18,892,000 after acquiring an additional 54,072 shares during the period. M&T Bank Corp purchased a new position in shares of Trip.com Group in the third quarter valued at $224,000. MML Investors Services LLC grew its holdings in shares of Trip.com Group by 12.3% in the third quarter. MML Investors Services LLC now owns 14,126 shares of the company’s stock valued at $839,000 after purchasing an additional 1,546 shares in the last quarter. XTX Topco Ltd raised its stake in Trip.com Group by 53.8% during the third quarter. XTX Topco Ltd now owns 16,612 shares of the company’s stock valued at $987,000 after purchasing an additional 5,813 shares in the last quarter. Finally, CoreView Capital Management Ltd lifted its position in Trip.com Group by 15.8% during the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock valued at $277,905,000 after purchasing an additional 639,000 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

About Trip.com Group

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.