Trip.com Group (NASDAQ:TCOM) Upgraded at StockNews.com

Trip.com Group (NASDAQ:TCOM) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

TCOM has been the topic of a number of other reports. Benchmark boosted their price objective on Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday. TD Cowen lifted their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday. Sanford C. Bernstein initiated coverage on shares of Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 target price on the stock. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday. Finally, Mizuho increased their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Trip.com Group currently has an average rating of “Moderate Buy” and an average target price of $74.18.

Trip.com Group Stock Performance

TCOM stock traded up $2.05 during mid-day trading on Wednesday, hitting $64.79. The company had a trading volume of 4,488,373 shares, compared to its average volume of 4,046,274. Trip.com Group has a 12 month low of $31.55 and a 12 month high of $69.67. The stock’s fifty day moving average price is $60.28 and its two-hundred day moving average price is $52.37. The firm has a market cap of $41.73 billion, a PE ratio of 19.40 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. On average, analysts forecast that Trip.com Group will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Trip.com Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new position in Trip.com Group in the third quarter valued at $38,000. Fifth Third Bancorp raised its holdings in shares of Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after buying an additional 986 shares in the last quarter. Hilltop National Bank grew its position in Trip.com Group by 322.1% during the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after acquiring an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after acquiring an additional 489 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Trip.com Group in the 2nd quarter worth approximately $66,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

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.