Citigroup Increases Trip.com Group (NASDAQ:TCOM) Price Target to $78.00

Trip.com Group (NASDAQ:TCOM) had its target price lifted by analysts at Citigroup from $73.00 to $78.00 in a report released on Friday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 15.38% from the company’s previous close.

A number of other analysts have also weighed in on the company. Barclays increased their target price on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein started coverage on shares of Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective for the company. Eleven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $74.78.

Trip.com Group Trading Up 4.4 %

Shares of NASDAQ TCOM opened at $67.60 on Friday. Trip.com Group has a 1-year low of $34.42 and a 1-year high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The business’s 50 day moving average is $67.54 and its two-hundred day moving average is $56.00. The stock has a market capitalization of $43.54 billion, a P/E ratio of 20.24, a PEG ratio of 1.10 and a beta of 0.38.

Institutional Investors Weigh In On Trip.com Group

A number of large investors have recently bought and sold shares of TCOM. RPg Family Wealth Advisory LLC purchased a new stake in shares of Trip.com Group in the 3rd quarter valued at $38,000. Benjamin F. Edwards & Company Inc. grew its position in Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after purchasing an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Trip.com Group during the 2nd quarter valued at about $66,000. CWM LLC raised its stake in shares of Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after buying an additional 220 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Trip.com Group by 101.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock valued at $189,000 after buying an additional 1,595 shares during the period. Hedge funds and other 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.