Trip.com Group (NASDAQ:TCOM) Price Target Raised to $80.00

Trip.com Group (NASDAQ:TCOM) had its target price boosted by analysts at Benchmark from $72.00 to $80.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s target price would indicate a potential upside of 30.46% from the stock’s previous close.

Several other analysts have also recently weighed in on TCOM. Mizuho lifted their price target on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. HSBC lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Macquarie upgraded Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. Hsbc Global Res lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Sanford C. Bernstein began coverage on Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective on the stock. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.22.

Trip.com Group Stock Up 3.1 %

TCOM stock opened at $61.32 on Tuesday. Trip.com Group has a twelve month low of $31.55 and a twelve month high of $69.67. The company has a market cap of $39.50 billion, a price-to-earnings ratio of 21.44 and a beta of 0.39. The business has a 50 day moving average price of $59.61 and a two-hundred day moving average price of $52.22. 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 released its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Analysts anticipate that Trip.com Group will post 2.93 EPS for the current fiscal year.

Institutional Trading of Trip.com Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Atlas Capital Advisors LLC raised its holdings in Trip.com Group by 115.7% in the 2nd quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock worth $171,000 after acquiring an additional 1,946 shares during the last quarter. LMR Partners LLP purchased a new position in shares of Trip.com Group during the 3rd quarter valued at $18,435,000. Bayesian Capital Management LP purchased a new stake in Trip.com Group in the 1st quarter worth $742,000. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Trip.com Group in the 3rd quarter worth $2,615,000. Finally, Varma Mutual Pension Insurance Co purchased a new stake in Trip.com Group in the 2nd quarter worth $2,914,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

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.