Benchmark Reiterates “Buy” Rating for Trip.com Group (NASDAQ:TCOM)

Benchmark reissued their buy rating on shares of Trip.com Group (NASDAQ:TCOM) in a research note released on Wednesday morning, Benzinga reports. The firm currently has a $72.00 target price on the stock.

A number of other research analysts also recently weighed in on the stock. TD Cowen increased their price objective on shares of Trip.com Group from $53.00 to $63.00 and gave the company a buy rating in a research report on Tuesday, May 21st. Barclays increased their price objective on shares of Trip.com Group from $60.00 to $76.00 and gave the company an overweight rating in a research report on Wednesday, May 22nd. HSBC increased their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the company a buy rating in a research report on Friday, April 12th. Citigroup increased their price objective on shares of Trip.com Group from $53.00 to $55.00 and gave the company a buy rating in a research report on Monday, April 1st. Finally, StockNews.com upgraded shares of Trip.com Group from a hold rating to a buy rating in a research report on Wednesday, May 22nd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Trip.com Group has a consensus rating of Moderate Buy and an average price target of $61.89.

Trip.com Group Trading Down 0.8 %

NASDAQ:TCOM opened at $50.27 on Wednesday. The company’s 50 day moving average price is $51.59 and its 200-day moving average price is $43.63. Trip.com Group has a 52 week low of $31.55 and a 52 week high of $58.00. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.07. The stock has a market cap of $32.38 billion, a price-to-earnings ratio of 22.64 and a beta of 0.44.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Monday, May 20th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.21. Trip.com Group had a net margin of 22.99% and a return on equity of 10.73%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.61 billion. On average, equities research analysts forecast that Trip.com Group will post 2.66 earnings per share for the current fiscal year.

Institutional Trading of Trip.com Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Capital World Investors increased its stake in shares of Trip.com Group by 27.5% in the first quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock worth $2,149,366,000 after purchasing an additional 10,576,028 shares in the last quarter. Schroder Investment Management Group grew its stake in Trip.com Group by 3,752.1% during the fourth quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock valued at $356,006,000 after acquiring an additional 9,629,673 shares in the last quarter. Capital International Investors grew its stake in Trip.com Group by 0.4% during the first quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock valued at $348,559,000 after acquiring an additional 29,768 shares in the last quarter. Vontobel Holding Ltd. grew its stake in Trip.com Group by 0.8% during the fourth quarter. Vontobel Holding Ltd. now owns 7,565,917 shares of the company’s stock valued at $272,449,000 after acquiring an additional 57,275 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in Trip.com Group by 98.2% during the third quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company’s stock valued at $190,164,000 after acquiring an additional 2,695,221 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.