Trip.com Group (NASDAQ:TCOM) PT Raised to $72.00

Trip.com Group (NASDAQ:TCOM) had its price objective lifted by Citigroup from $66.00 to $72.00 in a report issued on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently commented on the stock. Benchmark restated a buy rating and set a $72.00 price target on shares of Trip.com Group in a report on Tuesday, August 27th. StockNews.com lowered shares of Trip.com Group from a buy rating to a hold rating in a research note on Tuesday, August 13th. Macquarie raised shares of Trip.com Group to a strong-buy rating in a research note on Monday, October 7th. TD Cowen reduced their price objective on Trip.com Group from $63.00 to $56.00 and set a buy rating for the company in a research report on Tuesday, August 27th. Finally, HSBC lowered Trip.com Group from a buy rating to a hold rating in a research report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $64.63.

Trip.com Group Trading Up 1.9 %

NASDAQ TCOM opened at $65.03 on Thursday. The firm’s 50 day moving average price is $49.64 and its two-hundred day moving average price is $49.57. The stock has a market cap of $41.89 billion, a price-to-earnings ratio of 22.74 and a beta of 0.41. Trip.com Group has a twelve month low of $31.55 and a twelve month high of $69.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Equities analysts anticipate that Trip.com Group will post 2.93 EPS for the current year.

Institutional Trading of Trip.com Group

Several hedge funds have recently added to or reduced their stakes in TCOM. CWM LLC lifted its stake in Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after acquiring an additional 220 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in Trip.com Group by 2.6% during the second quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock worth $647,000 after purchasing an additional 344 shares during the last quarter. Diversified Trust Co grew its position in Trip.com Group by 1.5% in the first quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock valued at $1,083,000 after purchasing an additional 375 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Trip.com Group by 0.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock valued at $1,908,000 after purchasing an additional 375 shares in the last quarter. Finally, Creative Planning increased its stake in Trip.com Group by 1.7% in the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after buying an additional 423 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

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.