Trip.com Group (NASDAQ:TCOM) Upgraded at StockNews.com

Trip.com Group (NASDAQ:TCOM) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

TCOM has been the topic of a number of other reports. Hsbc Global Res cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Sanford C. Bernstein initiated coverage on shares of Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 target price for the company. Benchmark upped 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. Macquarie raised their price objective on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Barclays increased their price target on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $74.18.

Trip.com Group Stock Up 3.3 %

Trip.com Group stock traded up $2.05 during midday trading on Wednesday, hitting $64.79. 4,488,373 shares of the company’s stock were exchanged, compared to its average volume of 4,046,274. 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 company has a market cap of $41.73 billion, a PE ratio of 19.40 and a beta of 0.39. The firm has a 50-day moving average of $60.28 and a two-hundred day moving average of $52.37. Trip.com Group has a 12 month low of $31.55 and a 12 month high of $69.67.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results 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. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. As a group, analysts expect that Trip.com Group will post 2.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TCOM. RPg Family Wealth Advisory LLC acquired a new stake in shares of Trip.com Group in the third quarter valued at about $38,000. Fifth Third Bancorp lifted its stake in Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after purchasing an additional 986 shares in the last quarter. Hilltop National Bank boosted its holdings in shares of Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after purchasing an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after purchasing an additional 489 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Trip.com Group during the second quarter worth $66,000. 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.