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

Trip.com Group (NASDAQ:TCOM) had its price target hoisted by Benchmark from $55.00 to $72.00 in a research report sent to investors on Tuesday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on TCOM. StockNews.com downgraded shares of Trip.com Group from a buy rating to a hold rating in a report on Monday, May 13th. UBS Group upped their price objective on Trip.com Group from $48.00 to $52.00 and gave the stock a buy rating in a report on Thursday, February 22nd. Mizuho lifted their target price on Trip.com Group from $55.00 to $60.00 and gave the company a buy rating in a report on Thursday, February 22nd. CLSA upped their price target on Trip.com Group from $55.00 to $64.00 and gave the stock a buy rating in a research note on Monday, May 13th. Finally, Citigroup lifted their price objective on Trip.com Group from $53.00 to $55.00 and gave the company a buy rating in a research note on Monday, April 1st. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $60.30.

Trip.com Group Price Performance

TCOM stock opened at $51.96 on Tuesday. The stock has a market capitalization of $33.47 billion, a price-to-earnings ratio of 23.41 and a beta of 0.52. The stock’s fifty day simple moving average is $49.68 and its 200-day simple moving average is $41.71. Trip.com Group has a 52-week low of $30.70 and a 52-week high of $58.00. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.16.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital World Investors lifted its holdings in Trip.com Group by 27.5% in the 1st 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. Schroder Investment Management Group lifted its stake in shares of Trip.com Group by 3,752.1% in the fourth quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock worth $356,006,000 after acquiring an additional 9,629,673 shares in the last quarter. Capital International Investors boosted its holdings in Trip.com Group by 0.4% in the first quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock valued at $348,559,000 after purchasing an additional 29,768 shares during the last quarter. Vontobel Holding Ltd. grew its stake in Trip.com Group by 0.8% during the 4th quarter. Vontobel Holding Ltd. now owns 7,565,917 shares of the company’s stock valued at $272,449,000 after purchasing an additional 57,275 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Trip.com Group by 98.2% in the 3rd quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company’s stock valued at $190,164,000 after purchasing an additional 2,695,221 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Company Profile

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.