TD Cowen Trims Trip.com Group (NASDAQ:TCOM) Target Price to $56.00

Trip.com Group (NASDAQ:TCOM) had its price objective decreased by TD Cowen from $63.00 to $56.00 in a report issued on Tuesday, Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. Mizuho lifted their price objective on Trip.com Group from $60.00 to $65.00 and gave the company a buy rating in a report on Tuesday, May 21st. CLSA upped their price objective on shares of Trip.com Group from $55.00 to $64.00 and gave the stock a buy rating in a research report on Monday, May 13th. StockNews.com lowered shares of Trip.com Group from a buy rating to a hold rating in a report on Tuesday, August 13th. Barclays upped their price target on shares of Trip.com Group from $60.00 to $76.00 and gave the stock an overweight rating in a report on Wednesday, May 22nd. Finally, Benchmark reissued a buy rating and issued a $72.00 price objective on shares of Trip.com Group in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $62.50.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $47.14 on Tuesday. Trip.com Group has a 12-month low of $31.55 and a 12-month high of $58.00. The firm has a 50-day moving average price of $45.19 and a two-hundred day moving average price of $47.23. The company has a market capitalization of $30.36 billion, a P/E ratio of 21.23 and a beta of 0.42. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.07.

Institutional Investors Weigh In On Trip.com Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AIA Group Ltd grew its holdings in Trip.com Group by 22.7% during the 1st quarter. AIA Group Ltd now owns 110,994 shares of the company’s stock worth $4,872,000 after acquiring an additional 20,545 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Trip.com Group by 58.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 80,829 shares of the company’s stock worth $3,548,000 after purchasing an additional 29,829 shares during the last quarter. Van ECK Associates Corp acquired a new stake in Trip.com Group in the first quarter valued at $3,000,000. OPTIMAS CAPITAL Ltd bought a new position in Trip.com Group during the 1st quarter worth $4,516,000. Finally, ARGA Investment Management LP lifted its holdings in Trip.com Group by 22.3% during the 4th quarter. ARGA Investment Management LP now owns 4,595,151 shares of the company’s stock worth $165,471,000 after buying an additional 837,620 shares during the period. 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.