Trip.com Group (NASDAQ:TCOM) Price Target Raised to $80.00

Trip.com Group (NASDAQ:TCOM) had its target price hoisted by Benchmark from $72.00 to $80.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently issued reports on the stock. Mizuho upped their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Macquarie upgraded Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. Citigroup upped 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. TD Cowen lowered their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Finally, Sanford C. Bernstein started coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price target for the company. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Trip.com Group has an average rating of “Buy” and a consensus price target of $74.18.

Trip.com Group Stock Up 0.7 %

Shares of Trip.com Group stock opened at $65.24 on Tuesday. The company 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. The stock has a 50-day moving average price of $60.64 and a 200 day moving average price of $52.46.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 12.40% and a net margin of 31.86%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. As a group, analysts expect that Trip.com Group will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TCOM. Capital World Investors grew its holdings in shares of Trip.com Group by 27.5% during the first quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock worth $2,149,366,000 after buying an additional 10,576,028 shares in the last quarter. FMR LLC boosted its position in 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 purchasing an additional 2,749,365 shares during the last quarter. Sanders Capital LLC grew its stake in Trip.com Group by 34.7% in the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after purchasing an additional 2,462,767 shares in the last quarter. Aspex Management HK Ltd acquired a new position in shares of Trip.com Group during the 3rd quarter worth approximately $128,962,000. Finally, Wellington Management Group LLP boosted its holdings in shares of 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 buying an additional 1,919,006 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

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.