Trip.com Group’s (TCOM) “Buy” Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Trip.com Group (NASDAQ:TCOM) in a report issued on Tuesday morning,Benzinga reports. They currently have a $80.00 price target on the stock.

A number of other equities research analysts have also recently weighed in on the stock. Mizuho lifted their price objective 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. Barclays boosted their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Citigroup increased their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein assumed coverage on Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target on the stock. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $74.78.

Trip.com Group Stock Up 1.2 %

TCOM opened at $65.81 on Tuesday. The stock’s 50 day moving average price is $67.32 and its 200 day moving average price is $56.93. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $42.39 billion, a P/E ratio of 19.70, a P/E/G ratio of 0.88 and a beta of 0.37. Trip.com Group has a 12 month low of $34.42 and a 12 month high of $77.18.

Institutional Trading of Trip.com Group

Several hedge funds and other institutional investors have recently modified their holdings of TCOM. FMR LLC lifted its stake in Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after acquiring an additional 2,749,365 shares in the last quarter. Sanders Capital LLC increased its holdings in shares of Trip.com Group by 34.7% in the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after purchasing an additional 2,462,767 shares during the period. Aspex Management HK Ltd purchased a new stake in shares of Trip.com Group in the third quarter worth approximately $128,962,000. Wellington Management Group LLP boosted its holdings in shares of Trip.com Group by 557.8% during the third 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 during the period. Finally, ARGA Investment Management LP grew its position in Trip.com Group by 46.9% during the third 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 in the last quarter. Institutional investors and hedge funds 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.