Mizuho Boosts Trip.com Group (NASDAQ:TCOM) Price Target to $65.00

Trip.com Group (NASDAQ:TCOM) had its price objective upped by Mizuho from $60.00 to $65.00 in a report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also weighed in on TCOM. HSBC boosted their price objective on Trip.com Group from $50.00 to $60.00 and gave the company a buy rating in a report on Friday, April 12th. CLSA boosted their price target on Trip.com Group from $55.00 to $64.00 and gave the company a buy rating in a report on Monday, May 13th. StockNews.com cut Trip.com Group from a buy rating to a hold rating in a research note on Monday, May 13th. Benchmark boosted their target price on shares of Trip.com Group from $55.00 to $72.00 and gave the company a buy rating in a research note on Tuesday. Finally, Citigroup raised their price target 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. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $60.30.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $51.96 on Tuesday. The business has a 50 day moving average price of $49.68 and a two-hundred day moving average price of $41.71. Trip.com Group has a fifty-two week low of $30.70 and a fifty-two week high of $58.00. The firm has a market cap of $33.47 billion, a PE ratio of 23.41 and a beta of 0.52. 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 issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.29. Trip.com Group had a net margin of 22.99% and a return on equity of 10.88%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. Sell-side analysts expect that Trip.com Group will post 2.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Swedbank AB bought a new stake in shares of Trip.com Group during the first quarter valued at about $8,891,000. Tidal Investments LLC raised its position in shares of Trip.com Group by 698.7% during the 1st quarter. Tidal Investments LLC now owns 89,432 shares of the company’s stock worth $3,925,000 after buying an additional 78,235 shares in the last quarter. Kontiki Capital Management HK Ltd. lifted its stake in shares of Trip.com Group by 1.9% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company’s stock worth $198,549,000 after acquiring an additional 83,200 shares during the period. Bayesian Capital Management LP bought a new position in shares of Trip.com Group in the first quarter valued at approximately $742,000. Finally, Capital World Investors increased its stake in shares of Trip.com Group by 27.5% during the first quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock valued at $2,149,366,000 after acquiring an additional 10,576,028 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

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.