TD Cowen Increases Trip.com Group (NASDAQ:TCOM) Price Target to $71.00

Trip.com Group (NASDAQ:TCOM) had its target price increased by investment analysts at TD Cowen from $56.00 to $71.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target suggests a potential upside of 14.44% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Hsbc Global Res lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Sanford C. Bernstein assumed coverage on Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 price target on the stock. Macquarie upgraded Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. Finally, HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.89.

Trip.com Group Stock Up 1.2 %

Shares of Trip.com Group stock traded up $0.72 during trading on Tuesday, reaching $62.04. The company’s stock had a trading volume of 2,032,292 shares, compared to its average volume of 4,027,767. The company has a 50-day simple moving average of $59.61 and a two-hundred day simple moving average of $52.22. Trip.com Group has a 1-year low of $31.55 and a 1-year high of $69.67. The company has a market cap of $39.96 billion, a price-to-earnings ratio of 18.57 and a beta of 0.39. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. As a group, equities analysts forecast that Trip.com Group will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On Trip.com Group

Several large investors have recently made changes to their positions in TCOM. CWM LLC grew its position in Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after buying an additional 220 shares during the period. QRG Capital Management Inc. grew its position in shares of Trip.com Group by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock valued at $647,000 after acquiring an additional 344 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Trip.com Group by 0.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock valued at $1,908,000 after purchasing an additional 375 shares in the last quarter. Creative Planning raised its holdings in Trip.com Group by 1.7% in the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock worth $1,523,000 after purchasing an additional 423 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Trip.com Group by 4.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock worth $500,000 after purchasing an additional 431 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, 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.