Trip.com Group (NASDAQ:TCOM) Price Target Raised to $71.00

Trip.com Group (NASDAQ:TCOM) had its price objective upped by TD Cowen from $56.00 to $71.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

TCOM has been the topic of several other research reports. Macquarie raised Trip.com Group to a “strong-buy” rating in a report on Monday, October 7th. Hsbc Global Res downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Sanford C. Bernstein began coverage on Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target on the stock. 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 report on Thursday, October 10th. Finally, Benchmark boosted their target price on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $74.18.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $65.24 on Tuesday. The firm has a 50 day moving average of $60.64 and a 200-day moving average of $52.46. Trip.com Group has a 12 month low of $32.42 and a 12 month high of $69.67. 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 stock has a market capitalization of $42.02 billion, a PE ratio of 19.53 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a return on equity of 12.40% and a net margin of 31.86%. On average, equities research analysts predict that Trip.com Group will post 2.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Capital World Investors lifted its stake in Trip.com Group by 27.5% in the first quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock valued at $2,149,366,000 after buying an additional 10,576,028 shares during the period. FMR LLC lifted its position in shares of Trip.com Group by 32.8% during the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after acquiring an additional 2,749,365 shares during the period. Sanders Capital LLC boosted its stake in Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after acquiring an additional 2,462,767 shares in the last quarter. Capital International Investors grew its holdings in Trip.com Group by 0.4% in the first quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock worth $348,559,000 after purchasing an additional 29,768 shares during the period. Finally, ARGA Investment Management LP grew its holdings in Trip.com Group by 46.9% in the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after purchasing an additional 1,884,044 shares during the period. 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.