Trip.com Group (NASDAQ:TCOM) Earns “Buy” Rating from Benchmark

Trip.com Group (NASDAQ:TCOM)‘s stock had its “buy” rating reaffirmed by equities research analysts at Benchmark in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $55.00 target price on the stock. Benchmark’s target price would suggest a potential upside of 14.06% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Mizuho upped their price target on Trip.com Group from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. UBS Group raised their price target on shares of Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Barclays lifted their price target on shares of Trip.com Group from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, Citigroup lifted their target price on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.67.

Trip.com Group Stock Down 0.9 %

TCOM stock traded down $0.45 on Wednesday, reaching $48.22. 2,117,810 shares of the company traded hands, compared to its average volume of 3,888,723. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.17. The firm has a fifty day simple moving average of $44.47 and a 200-day simple moving average of $38.31. Trip.com Group has a one year low of $30.70 and a one year high of $50.63. The company has a market cap of $31.15 billion, a P/E ratio of 23.29 and a beta of 0.56.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.19 by $0.29. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. Research analysts anticipate that Trip.com Group will post 2.54 earnings per share for the current year.

Hedge Funds Weigh In On Trip.com Group

A number of hedge funds have recently modified their holdings of TCOM. Capital World Investors increased its stake in Trip.com Group by 40.4% in the 4th quarter. Capital World Investors now owns 38,395,626 shares of the company’s stock worth $1,382,592,000 after buying an additional 11,039,672 shares in the last quarter. BlackRock Inc. grew its position in shares of Trip.com Group by 10.1% during the first quarter. BlackRock Inc. now owns 30,789,126 shares of the company’s stock worth $1,159,826,000 after purchasing an additional 2,823,937 shares in the last quarter. Morgan Stanley raised its stake in Trip.com Group by 9.3% during the 4th quarter. Morgan Stanley now owns 30,375,921 shares of the company’s stock valued at $1,044,932,000 after purchasing an additional 2,581,113 shares during the period. Vanguard Group Inc. raised its stake in Trip.com Group by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 20,543,641 shares of the company’s stock valued at $561,047,000 after purchasing an additional 330,624 shares during the period. Finally, Capital International Investors lifted its holdings in Trip.com Group by 8.3% in the 1st quarter. Capital International Investors now owns 13,976,739 shares of the company’s stock worth $323,142,000 after purchasing an additional 1,072,288 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Company Profile

Trip.com Group Limited 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.