Trip.com Group (NASDAQ:TCOM) Research Coverage Started at Sanford C. Bernstein

Sanford C. Bernstein began coverage on shares of Trip.com Group (NASDAQ:TCOM) in a report published on Monday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $85.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. Hsbc Global Res downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. HSBC lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Macquarie upgraded Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. Finally, TD Cowen lowered their price target on Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Trip.com Group has a consensus rating of “Moderate Buy” and an average price target of $66.89.

Trip.com Group Stock Down 2.0 %

Trip.com Group stock opened at $67.06 on Monday. The stock has a market cap of $43.19 billion, a PE ratio of 23.45 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a fifty day moving average of $57.03 and a 200 day moving average of $51.44. Trip.com Group has a one year low of $31.55 and a one year high of $69.67.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. As a group, sell-side analysts predict that Trip.com Group will post 2.93 EPS for the current year.

Institutional Investors Weigh In On Trip.com Group

Large investors have recently bought and sold shares of the business. Fifth Third Bancorp grew its stake in shares of Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after buying an additional 986 shares in the last quarter. Hilltop National Bank increased its stake in Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after acquiring an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after purchasing an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Trip.com Group in the 2nd quarter valued at approximately $66,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Trip.com Group in the 2nd quarter worth approximately $74,000. Institutional investors 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.