Trip.com Group (NASDAQ:TCOM) Price Target Increased to $65.00 by Analysts at Mizuho

Trip.com Group (NASDAQ:TCOM) had its target price upped by Mizuho from $60.00 to $65.00 in a report issued on Tuesday morning, Benzinga reports. Mizuho currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on TCOM. Benchmark upped their price objective on Trip.com Group from $55.00 to $72.00 and gave the stock a buy rating in a research note on Tuesday. UBS Group boosted their price objective on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. Barclays boosted their price target on Trip.com Group from $56.00 to $60.00 and gave the stock an overweight rating in a research report on Thursday, February 22nd. HSBC increased their price target on Trip.com Group from $50.00 to $60.00 and gave the company a buy rating in a research note on Friday, April 12th. Finally, StockNews.com downgraded shares of Trip.com Group from a buy rating to a hold rating in a report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Trip.com Group currently has an average rating of Moderate Buy and a consensus target price of $60.30.

Trip.com Group Stock Up 1.5 %

NASDAQ:TCOM opened at $52.75 on Tuesday. The company has a market cap of $33.98 billion, a PE ratio of 23.76 and a beta of 0.52. The stock has a 50-day simple moving average of $49.87 and a 200 day simple moving average of $41.85. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.23 and a current ratio of 1.15. Trip.com Group has a 52-week low of $30.70 and a 52-week high of $58.00.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.29. Trip.com Group had a net margin of 22.99% and a return on equity of 10.73%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. On average, sell-side analysts expect that Trip.com Group will post 2.53 EPS for the current fiscal year.

Institutional Trading of Trip.com Group

Hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB increased its position in Trip.com Group by 1,628.6% in the 4th quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock valued at $42,368,000 after acquiring an additional 1,109,727 shares during the period. AIA Group Ltd raised its position in Trip.com Group by 43.1% during the 4th quarter. AIA Group Ltd now owns 90,449 shares of the company’s stock worth $3,257,000 after purchasing an additional 27,236 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Trip.com Group by 137.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company’s stock worth $1,284,000 after purchasing an additional 20,654 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its position in Trip.com Group by 112.3% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company’s stock worth $6,769,000 after purchasing an additional 99,460 shares during the last quarter. Finally, ARGA Investment Management LP raised its position 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 purchasing an additional 837,620 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

About Trip.com Group

Trip.com Group Limited 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.