Trip.com Group (NASDAQ:TCOM) Given New $84.00 Price Target at Barclays

Trip.com Group (NASDAQ:TCOM) had its target price boosted by Barclays from $76.00 to $84.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 28.76% from the stock’s previous close.

Several other analysts have also recently commented on the company. TD Cowen upped their target price on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday. Sanford C. Bernstein began coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 target price on the stock. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Tuesday. Finally, Citigroup increased their price target on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Trip.com Group has an average rating of “Buy” and an average price target of $74.18.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $65.24 on Wednesday. The stock’s 50-day moving average is $60.64 and its 200-day moving average is $52.46. The stock has a market cap of $42.02 billion, a P/E ratio of 19.53 and a beta of 0.39. Trip.com Group has a 1-year low of $32.42 and a 1-year high of $69.67. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. The firm 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%. Equities research analysts anticipate that Trip.com Group will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors have recently modified their holdings of TCOM. FMR LLC boosted its holdings in shares of Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after buying an additional 2,749,365 shares during the last quarter. Sanders Capital LLC raised its holdings in Trip.com Group by 34.7% during the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after acquiring an additional 2,462,767 shares during the period. Aspex Management HK Ltd bought a new stake in shares of Trip.com Group during the 3rd quarter valued at $128,962,000. Wellington Management Group LLP lifted its holdings in shares of Trip.com Group by 557.8% in the third quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock worth $134,493,000 after buying an additional 1,919,006 shares in the last quarter. Finally, ARGA Investment Management LP lifted its stake in Trip.com Group by 46.9% in the 3rd 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 in the last quarter. 35.41% of the stock is owned by 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.