StockNews.com Upgrades Trip.com Group (NASDAQ:TCOM) to “Buy”

StockNews.com upgraded shares of Trip.com Group (NASDAQ:TCOM) from a hold rating to a buy rating in a report issued on Wednesday.

Other equities research analysts also recently issued reports about the company. TD Cowen boosted their target price on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday. Benchmark upped their price objective on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday. Citigroup raised their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Macquarie upped their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Barclays lifted their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Trip.com Group currently has a consensus rating of “Buy” and a consensus price target of $74.18.

Trip.com Group Trading Down 2.3 %

Shares of TCOM opened at $63.64 on Wednesday. The firm has a market cap of $40.99 billion, a P/E ratio of 19.05 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. Trip.com Group has a 1 year low of $32.42 and a 1 year high of $69.67. The company has a 50 day simple moving average of $60.97 and a two-hundred day simple moving average of $52.53.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.22. The company 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 31.86% and a return on equity of 12.40%. On average, equities analysts expect that Trip.com Group will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Trip.com Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC grew its stake in shares of Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after buying an additional 2,749,365 shares during the last quarter. Sanders Capital LLC lifted its stake in shares of Trip.com Group by 34.7% during the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after acquiring an additional 2,462,767 shares during the last quarter. Aspex Management HK Ltd purchased a new position in Trip.com Group during the 3rd quarter valued at $128,962,000. Wellington Management Group LLP grew its position in Trip.com Group by 557.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock valued at $134,493,000 after acquiring an additional 1,919,006 shares during the last quarter. Finally, ARGA Investment Management LP increased its stake in Trip.com Group by 46.9% in the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after purchasing an additional 1,884,044 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Company Profile

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.