Trip.com Group (NASDAQ:TCOM) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Trip.com Group (NASDAQ:TCOM) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the stock. Barclays boosted their target price on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday. Benchmark raised their target price on shares of Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Tuesday. Finally, Mizuho boosted their price target on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $74.18.

Trip.com Group Trading Up 0.7 %

NASDAQ TCOM opened at $65.24 on Tuesday. The company has a market cap of $42.02 billion, a PE ratio of 19.53 and a beta of 0.39. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $60.64 and a 200-day moving average of $52.46. Trip.com Group has a 12 month low of $32.42 and a 12 month high of $69.67.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data 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 return on equity of 12.40% and a net margin of 31.86%. On average, equities research analysts anticipate that Trip.com Group will post 2.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

Several large investors have recently added to or reduced their stakes in TCOM. CWM LLC increased its holdings in shares of Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after acquiring an additional 220 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Trip.com Group by 2.6% during the second quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock valued at $647,000 after purchasing an additional 344 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Trip.com Group by 0.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock worth $1,908,000 after acquiring an additional 375 shares during the last quarter. Creative Planning increased its stake in shares of Trip.com Group by 1.7% in the third quarter. Creative Planning now owns 25,622 shares of the company’s stock worth $1,523,000 after purchasing an additional 423 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Trip.com Group by 4.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after acquiring an additional 431 shares during the period. Institutional investors and hedge funds 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.