Trip.com Group (NASDAQ:TCOM) Given New $78.00 Price Target at Citigroup

Trip.com Group (NASDAQ:TCOM) had its price target lifted by Citigroup from $73.00 to $78.00 in a research note released on Friday, MarketBeat.com reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. Macquarie lifted their price objective on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. TD Cowen increased their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Barclays boosted their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Trip.com Group currently has a consensus rating of “Buy” and a consensus price target of $74.78.

Trip.com Group Price Performance

Shares of TCOM stock opened at $67.60 on Friday. The firm’s 50 day moving average price is $67.43 and its two-hundred day moving average price is $55.88. The stock has a market cap of $43.54 billion, a PE ratio of 20.24, a PEG ratio of 1.10 and a beta of 0.38. Trip.com Group has a 52-week low of $34.42 and a 52-week high of $77.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Hedge Funds Weigh In On Trip.com Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. RPg Family Wealth Advisory LLC acquired a new stake in shares of Trip.com Group in the 3rd quarter valued at about $38,000. Benjamin F. Edwards & Company Inc. raised its position in Trip.com Group by 72.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after buying an additional 489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Trip.com Group in the 2nd quarter valued at approximately $66,000. CWM LLC boosted its position in Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after acquiring an additional 220 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Trip.com Group by 101.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock worth $189,000 after acquiring an additional 1,595 shares during the last quarter. 35.41% of the stock is 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.