Citigroup Issues Positive Forecast for Trip.com Group (NASDAQ:TCOM) Stock Price

Trip.com Group (NASDAQ:TCOM) had its price target raised by Citigroup from $73.00 to $78.00 in a research note published on Friday, Marketbeat Ratings reports. Citigroup currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the stock. Mizuho raised their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Tuesday, November 19th. Barclays raised their target price on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Benchmark boosted their price target on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Finally, StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $74.78.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM opened at $67.60 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50 day moving average price of $67.43 and a 200 day moving average price of $55.88. The stock has a market capitalization of $43.54 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. Trip.com Group has a 52 week low of $34.42 and a 52 week high of $77.18.

Institutional Trading of Trip.com Group

Several hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after buying an additional 2,749,365 shares in the last quarter. Sanders Capital LLC grew its stake in shares of Trip.com Group by 34.7% in the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after acquiring an additional 2,462,767 shares in the last quarter. Aspex Management HK Ltd bought a new position in Trip.com Group during the third quarter worth about $128,962,000. Wellington Management Group LLP raised its stake in Trip.com Group by 557.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock worth $134,493,000 after purchasing an additional 1,919,006 shares in the last quarter. Finally, ARGA Investment Management LP boosted its holdings in Trip.com Group by 46.9% in the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after purchasing an additional 1,884,044 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

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.