Trip.com Group (NASDAQ:TCOM) PT Raised to $72.00 at Benchmark

Trip.com Group (NASDAQ:TCOM) had its target price boosted by Benchmark from $55.00 to $72.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

TCOM has been the topic of a number of other research reports. Citigroup boosted their target price on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a buy rating in a research report on Monday, April 1st. StockNews.com lowered shares of Trip.com Group from a buy rating to a hold rating in a research report on Monday, May 13th. UBS Group lifted their target price on Trip.com Group from $48.00 to $52.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. HSBC upped their price target on Trip.com Group from $50.00 to $60.00 and gave the company a buy rating in a report on Friday, April 12th. Finally, CLSA lifted their price objective on Trip.com Group from $55.00 to $64.00 and gave the stock a buy rating in a report on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $60.30.

Trip.com Group Trading Down 4.7 %

Shares of NASDAQ:TCOM opened at $51.96 on Tuesday. Trip.com Group has a 52-week low of $30.70 and a 52-week high of $58.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market cap of $33.47 billion, a P/E ratio of 23.41 and a beta of 0.52. The stock’s 50-day moving average is $49.68 and its 200-day moving average is $41.71.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.29. Trip.com Group had a return on equity of 10.88% and a net margin of 22.99%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Equities research analysts predict that Trip.com Group will post 2.53 earnings per share for the current year.

Institutional Trading of Trip.com Group

Large investors have recently bought and sold shares of the stock. Nordea Investment Management AB grew its holdings in shares of Trip.com Group by 1,628.6% in the 4th quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock worth $42,368,000 after purchasing an additional 1,109,727 shares during the last quarter. AIA Group Ltd increased its holdings in shares of Trip.com Group by 43.1% during the fourth quarter. AIA Group Ltd now owns 90,449 shares of the company’s stock worth $3,257,000 after buying an additional 27,236 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Trip.com Group by 137.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company’s stock valued at $1,284,000 after acquiring an additional 20,654 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its holdings in shares of Trip.com Group by 112.3% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company’s stock worth $6,769,000 after acquiring an additional 99,460 shares in the last quarter. Finally, M&G Investment Management Ltd. grew its position in Trip.com Group by 71.5% during the 4th quarter. M&G Investment Management Ltd. now owns 366,338 shares of the company’s stock worth $13,188,000 after acquiring an additional 152,719 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

About Trip.com Group

Trip.com Group Limited 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.