Trip.com Group (NASDAQ:TCOM – Get Free Report)‘s stock had its “buy” rating reissued by research analysts at Benchmark in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $72.00 target price on the stock. Benchmark’s target price points to a potential upside of 55.91% from the company’s previous close.
Several other research analysts have also commented on TCOM. CLSA boosted their price target on Trip.com Group from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Barclays increased their price target on shares of Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Mizuho increased their target price on shares of Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Finally, TD Cowen raised their target price on shares of Trip.com Group from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.50.
View Our Latest Report on TCOM
Trip.com Group Stock Performance
Institutional Investors Weigh In On Trip.com Group
A number of large investors have recently made changes to their positions in TCOM. Capital World Investors grew its stake in Trip.com Group by 27.5% during the 1st quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock valued at $2,149,366,000 after purchasing an additional 10,576,028 shares during the last quarter. Schroder Investment Management Group boosted its position in Trip.com Group by 3,752.1% in the fourth quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock valued at $356,006,000 after buying an additional 9,629,673 shares during the last quarter. Capital International Investors increased its holdings in Trip.com Group by 0.4% in the 1st quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock worth $348,559,000 after buying an additional 29,768 shares during the period. ARGA Investment Management LP raised its position in Trip.com Group by 4.8% during the 1st quarter. ARGA Investment Management LP now owns 4,814,510 shares of the company’s stock worth $211,309,000 after buying an additional 219,359 shares during the last quarter. Finally, Kontiki Capital Management HK Ltd. lifted its stake in Trip.com Group by 1.9% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company’s stock valued at $198,549,000 after acquiring an additional 83,200 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.
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.
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