Benchmark Cuts Trip.com Group (NASDAQ:TCOM) Price Target to $72.00

Trip.com Group (NASDAQ:TCOM) had its price target reduced by Benchmark from $82.00 to $72.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price target would indicate a potential upside of 37.95% from the stock’s previous close.

TCOM has been the subject of a number of other research reports. Citigroup lifted their target price on Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Bank of America boosted their price objective on shares of Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Zacks Research cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trip.com Group in a research report on Monday, December 29th. Finally, Barclays increased their price target on Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 19th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

Trip.com Group Stock Performance

Shares of NASDAQ:TCOM traded down $1.47 during trading on Thursday, reaching $52.19. 2,442,418 shares of the stock were exchanged, compared to its average volume of 4,623,433. The firm has a market cap of $34.10 billion, a PE ratio of 8.39, a PEG ratio of 3.79 and a beta of -0.14. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. Trip.com Group has a 12 month low of $51.35 and a 12 month high of $78.99. The stock has a 50-day moving average price of $64.58 and a 200-day moving average price of $68.79.

Institutional Investors Weigh In On Trip.com Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Horizon Corp acquired a new stake in Trip.com Group in the third quarter valued at approximately $27,000. Brown Brothers Harriman & Co. lifted its stake in shares of Trip.com Group by 237.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after acquiring an additional 280 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Trip.com Group during the 4th quarter valued at $31,000. NewEdge Advisors LLC grew its position in Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after acquiring an additional 450 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares in the last quarter. 35.41% of the stock is owned by institutional investors.

Trip.com Group Company Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.