Trip.com Group (NASDAQ:TCOM) Coverage Initiated at Sanford C. Bernstein

Analysts at Sanford C. Bernstein assumed coverage on shares of Trip.com Group (NASDAQ:TCOM) in a report released on Monday, Marketbeat.com reports. The firm set an “outperform” rating and a $85.00 price target on the stock. Sanford C. Bernstein’s price target points to a potential upside of 24.23% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $72.00 target price on shares of Trip.com Group in a research note on Tuesday, August 27th. TD Cowen reduced their target price on Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Hsbc Global Res cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Macquarie raised shares of Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. Finally, StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Trip.com Group has a consensus rating of “Moderate Buy” and a consensus price target of $66.89.

Trip.com Group Trading Up 1.8 %

NASDAQ:TCOM opened at $68.42 on Monday. The company’s 50 day moving average is $56.61 and its 200-day moving average is $51.33. 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 has a 12 month low of $31.55 and a 12 month high of $69.67. The firm has a market cap of $44.07 billion, a price-to-earnings ratio of 23.92 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results 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. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. Equities analysts anticipate that Trip.com Group will post 2.93 EPS for the current year.

Hedge Funds Weigh In On Trip.com Group

Several hedge funds have recently added to or reduced their stakes in TCOM. Capital World Investors boosted its stake in shares of Trip.com Group by 27.5% in the 1st quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock valued at $2,149,366,000 after purchasing an additional 10,576,028 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in Trip.com Group by 4,800.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock worth $65,767,000 after acquiring an additional 1,370,741 shares during the period. National Bank of Canada FI raised its position in shares of Trip.com Group by 413,028.8% during the 1st quarter. National Bank of Canada FI now owns 859,308 shares of the company’s stock valued at $37,715,000 after acquiring an additional 859,100 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Trip.com Group by 89.6% in the 2nd quarter. Marshall Wace LLP now owns 1,703,234 shares of the company’s stock valued at $80,052,000 after purchasing an additional 804,885 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of Trip.com Group by 155.1% in the 3rd quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company’s stock worth $68,099,000 after purchasing an additional 696,766 shares during the last quarter. 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.