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

HSBC upgraded shares of Trip.com Group (NASDAQ:TCOM) from a hold rating to a buy rating in a research report sent to investors on Tuesday, MarketBeat.com reports. HSBC currently has $75.00 price target on the stock.

A number of other research analysts have also weighed in on the company. Macquarie raised Trip.com Group to a “strong-buy” rating in a report on Monday, October 7th. Benchmark raised their price target on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday. TD Cowen dropped their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a 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 report on Tuesday, October 8th. Finally, Citigroup boosted their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Trip.com Group currently has an average rating of “Buy” and a consensus price target of $74.18.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $65.24 on Tuesday. Trip.com Group has a fifty-two week low of $32.42 and a fifty-two 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. The company has a market cap of $42.02 billion, a PE ratio of 19.53 and a beta of 0.39. The business has a 50-day simple moving average of $60.64 and a two-hundred day simple moving average of $52.46.

Trip.com Group (NASDAQ:TCOM) last issued 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. Trip.com Group had a net margin of 31.86% and a return on equity of 12.40%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. As a group, equities analysts expect that Trip.com Group will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Trip.com Group

A number of institutional investors and hedge funds have recently bought and sold shares of TCOM. Capital World Investors lifted its position in Trip.com Group by 27.5% during the first quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock worth $2,149,366,000 after buying an additional 10,576,028 shares in the last quarter. FMR LLC increased its stake in shares of Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after acquiring an additional 2,749,365 shares during the last quarter. Sanders Capital LLC raised its holdings in shares of Trip.com Group by 34.7% during the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after acquiring an additional 2,462,767 shares during the period. Capital International Investors raised its holdings in shares of Trip.com Group by 0.4% during the 1st quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock worth $348,559,000 after acquiring an additional 29,768 shares during the period. Finally, ARGA Investment Management LP boosted its position in shares of Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after acquiring an additional 1,884,044 shares during the last quarter. 35.41% of the stock is currently 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.