Trip.com Group (NASDAQ:TCOM) PT Raised to $72.00

by · The Cerbat Gem

Trip.com Group (NASDAQ:TCOM – Get Free Report) had its target price raised by analysts at Citigroup from $66.00 to $72.00 in a 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 12.82% from the company’s previous close.

Several other equities research analysts have also commented on the stock. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Macquarie upgraded shares of Trip.com Group to a “strong-buy” rating in a research note on Monday. HSBC lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Hsbc Global Res lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Benchmark restated a “buy” rating and set a $72.00 price target on shares of Trip.com Group in a research note on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $64.63.

View Our Latest Stock Analysis on TCOM

Trip.com Group Trading Up 2.3 %

Trip.com Group stock traded up $1.43 during trading hours on Thursday, hitting $63.82. The company had a trading volume of 5,886,769 shares, compared to its average volume of 4,127,848. The firm has a market cap of $41.11 billion, a P/E ratio of 28.75 and a beta of 0.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. Trip.com Group has a 1 year low of $31.55 and a 1 year high of $69.67. The company has a 50-day moving average price of $48.67 and a two-hundred day moving average price of $49.25.

Trip.com Group (NASDAQ:TCOM – Get Free Report) 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 company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. On average, sell-side analysts anticipate that Trip.com Group will post 2.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TCOM. Capital World Investors lifted its position in shares of Trip.com Group by 27.5% during the 1st quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock worth $2,149,366,000 after buying an additional 10,576,028 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Trip.com Group by 4,800.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock worth $65,767,000 after purchasing an additional 1,370,741 shares during the period. National Bank of Canada FI grew its stake in Trip.com Group by 413,028.8% in the 1st quarter. National Bank of Canada FI now owns 859,308 shares of the company’s stock valued at $37,715,000 after acquiring an additional 859,100 shares during the last quarter. Marshall Wace LLP grew its stake in Trip.com Group by 89.6% in the 2nd quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock valued at $80,052,000 after acquiring an additional 804,885 shares during the last quarter. Finally, Ariose Capital Management Ltd grew its stake in Trip.com Group by 680.1% in the 2nd quarter. Ariose Capital Management Ltd now owns 540,630 shares of the company’s stock valued at $25,410,000 after acquiring an additional 471,330 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

About Trip.com Group

(Get Free Report)

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.

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