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

Trip.com Group (NASDAQ:TCOM) had its price target raised by stock analysts at Benchmark from $55.00 to $72.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s price objective would suggest a potential upside of 32.11% from the company’s previous close.

Several other research firms also recently commented on TCOM. Barclays upped their target price on Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Citigroup raised their price objective on Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. HSBC raised their price objective on Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Finally, UBS Group lifted their price target on Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.30.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $54.50 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average price is $49.52 and its two-hundred day moving average price is $41.64. The firm has a market capitalization of $35.10 billion, a price-to-earnings ratio of 24.55 and a beta of 0.52. Trip.com Group has a 12-month low of $30.70 and a 12-month high of $58.00.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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. On average, analysts anticipate that Trip.com Group will post 2.53 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital World Investors lifted its stake in shares of Trip.com Group by 40.4% in the 4th quarter. Capital World Investors now owns 38,395,626 shares of the company’s stock valued at $1,382,592,000 after purchasing an additional 11,039,672 shares during the period. Schroder Investment Management Group lifted its stake in shares of Trip.com Group by 3,752.1% in the 4th quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock valued at $356,006,000 after purchasing an additional 9,629,673 shares during the period. Acadian Asset Management LLC lifted its stake 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 during the period. Brilliance Asset Management Ltd. lifted its stake in shares of Trip.com Group by 433.6% in the 4th quarter. Brilliance Asset Management Ltd. now owns 1,904,603 shares of the company’s stock valued at $68,585,000 after purchasing an additional 1,547,659 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Trip.com Group by 73.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,341,602 shares of the company’s stock valued at $116,856,000 after purchasing an additional 1,409,655 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

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.