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

Trip.com Group (NASDAQ:TCOM) had its price objective boosted by Citigroup from $73.00 to $78.00 in a research note released on Friday, MarketBeat.com reports. Citigroup currently has a buy rating on the stock.

A number of other equities research analysts have also commented on TCOM. Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Benchmark raised their price objective on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Tuesday, November 19th. Barclays raised their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, TD Cowen raised their price target on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $74.78.

Trip.com Group Trading Up 4.4 %

NASDAQ:TCOM opened at $67.60 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group has a 1-year low of $34.42 and a 1-year high of $77.18. The firm has a market capitalization of $43.54 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. The stock has a fifty day simple moving average of $67.54 and a 200 day simple moving average of $56.09.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TCOM. RPg Family Wealth Advisory LLC bought a new position in shares of Trip.com Group in the 3rd quarter valued at approximately $38,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Trip.com Group by 72.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after acquiring an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Trip.com Group in the 2nd quarter valued at approximately $66,000. CWM LLC raised its stake in shares of 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. Finally, Whittier Trust Co. of Nevada Inc. raised its stake 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 acquiring an additional 1,595 shares in the last quarter. 35.41% of the stock is owned by 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.