Trip.com Group (NASDAQ:TCOM) Given New $75.00 Price Target at JPMorgan Chase & Co.

Trip.com Group (NASDAQ:TCOM) had its price target dropped by equities research analysts at JPMorgan Chase & Co. from $80.00 to $75.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 31.51% from the company’s current price.

TCOM has been the topic of several other reports. TD Cowen lifted their target price on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Tuesday, November 19th. Mizuho boosted their target price on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Finally, Citigroup raised their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group Price Performance

Shares of TCOM stock traded down $1.58 on Thursday, hitting $57.03. 6,122,484 shares of the company’s stock were exchanged, compared to its average volume of 3,605,115. The stock has a market cap of $36.73 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 0.67 and a beta of 0.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group has a 12 month low of $38.23 and a 12 month high of $77.18. The company has a 50 day moving average of $68.01 and a 200 day moving average of $61.64.

Hedge Funds Weigh In On Trip.com Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC raised its stake in shares of Trip.com Group by 125.5% in the fourth quarter. FMR LLC now owns 25,088,658 shares of the company’s stock valued at $1,722,587,000 after acquiring an additional 13,964,875 shares during the period. Schroder Investment Management Group lifted its position in shares of Trip.com Group by 2.1% during the fourth quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company’s stock valued at $700,115,000 after buying an additional 213,381 shares during the last quarter. Sanders Capital LLC boosted its stake in Trip.com Group by 1.4% in the fourth quarter. Sanders Capital LLC now owns 9,697,846 shares of the company’s stock valued at $665,854,000 after acquiring an additional 131,443 shares in the last quarter. FIL Ltd grew its stake in Trip.com Group by 8.8% during the 4th quarter. FIL Ltd now owns 8,453,025 shares of the company’s stock worth $580,385,000 after buying an additional 684,364 shares during the last quarter. Finally, Capital International Investors grew its stake in shares of Trip.com Group by 0.7% during the fourth quarter. Capital International Investors now owns 8,079,203 shares of the company’s stock worth $554,717,000 after acquiring an additional 53,784 shares during the last quarter. Institutional investors 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.