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 released on Wednesday morning.

Several other research analysts also recently issued reports on TCOM. Barclays upped their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday. Benchmark raised their price target on Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Hsbc Global Res cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Mizuho upped their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, TD Cowen lifted their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $74.18.

Trip.com Group Price Performance

Shares of TCOM stock opened at $63.64 on Wednesday. The stock’s fifty day moving average is $60.97 and its 200-day moving average is $52.53. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.32 and a current ratio of 1.42. Trip.com Group has a 52 week low of $32.42 and a 52 week high of $69.67. The stock has a market capitalization of $40.99 billion, a PE ratio of 19.05, a PEG ratio of 1.10 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data 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. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Equities research analysts expect that Trip.com Group will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new stake in shares of Trip.com Group in the third quarter worth about $384,000. Atlas Capital Advisors LLC increased its stake in Trip.com Group by 115.7% during the 2nd quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock worth $171,000 after purchasing an additional 1,946 shares in the last quarter. LMR Partners LLP bought a new position in Trip.com Group in the third quarter valued at approximately $18,435,000. Bayesian Capital Management LP acquired a new position in shares of Trip.com Group in the first quarter valued at approximately $742,000. Finally, Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Trip.com Group during the third quarter worth $2,615,000. 35.41% of the stock is currently 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.