Trip.com Group (NASDAQ:TCOM) Rating Increased to Buy at HSBC

HSBC upgraded shares of Trip.com Group (NASDAQ:TCOM) from a hold rating to a buy rating in a report issued on Tuesday morning, MarketBeat reports. They currently have $75.00 price objective on the stock.

Several other equities analysts have also recently issued reports on TCOM. Sanford C. Bernstein started coverage on Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective for the company. Hsbc Global Res downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Mizuho boosted their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Citigroup boosted their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, TD Cowen reduced 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 report on Tuesday, August 27th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $74.18.

Trip.com Group Stock Down 2.3 %

Trip.com Group stock opened at $63.64 on Tuesday. 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’s fifty day moving average is $60.97 and its two-hundred day moving average is $52.53. The stock has a market cap of $40.99 billion, a PE ratio of 19.05 and a beta of 0.39. Trip.com Group has a 1-year low of $32.42 and a 1-year high of $69.67.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC boosted its holdings in Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after buying an additional 220 shares in the last quarter. QRG Capital Management Inc. boosted its position in Trip.com Group by 2.6% during the second quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock worth $647,000 after purchasing an additional 344 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Trip.com Group by 0.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock worth $1,908,000 after acquiring an additional 375 shares during the period. Creative Planning increased its position in Trip.com Group by 1.7% in the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock worth $1,523,000 after buying an additional 423 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Trip.com Group by 4.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after buying an additional 431 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

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.