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

Trip.com Group (NASDAQ:TCOM) had its price objective increased by Benchmark from $72.00 to $80.00 in a report released on Tuesday,Benzinga reports. Benchmark currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Citigroup boosted their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Sanford C. Bernstein began coverage on shares of Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 target price for the company. HSBC downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Hsbc Global Res cut shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Trip.com Group has a consensus rating of “Moderate Buy” and a consensus target price of $72.56.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $62.74 on Tuesday. The company has a market capitalization of $40.41 billion, a price-to-earnings ratio of 18.78 and a beta of 0.39. The company has a 50-day moving average of $59.93 and a 200-day moving average of $52.28. Trip.com Group has a 52 week low of $31.55 and a 52 week high of $69.67. 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 earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. As a group, equities research analysts anticipate that Trip.com Group will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in shares of Trip.com Group by 20.5% during the third quarter. Geode Capital Management LLC now owns 317,894 shares of the company’s stock worth $18,892,000 after purchasing an additional 54,072 shares in the last quarter. M&T Bank Corp acquired a new position in Trip.com Group in the 3rd quarter valued at about $224,000. MML Investors Services LLC boosted its holdings in shares of Trip.com Group by 12.3% during the third quarter. MML Investors Services LLC now owns 14,126 shares of the company’s stock worth $839,000 after purchasing an additional 1,546 shares during the last quarter. XTX Topco Ltd increased its position in Trip.com Group by 53.8% during the third quarter. XTX Topco Ltd now owns 16,612 shares of the company’s stock worth $987,000 after purchasing an additional 5,813 shares during the last quarter. Finally, CoreView Capital Management Ltd increased its stake in Trip.com Group by 15.8% during the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock worth $277,905,000 after acquiring an additional 639,000 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Company Profile

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.