Trip.com Group (NASDAQ:TCOM) Price Target Raised to $86.00

Trip.com Group (NASDAQ:TCOM) had its target price upped by Citigroup from $85.00 to $86.00 in a report issued on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other research analysts have also commented on the company. Barclays raised their price target on Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday. Mizuho increased their target price on Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Sanford C. Bernstein lifted their target price on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Trip.com Group in a research note on Wednesday, October 8th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Trip.com Group has a consensus rating of “Moderate Buy” and an average target price of $81.25.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $69.85 on Wednesday. The company’s 50-day moving average price is $72.84 and its 200-day moving average price is $66.65. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. Trip.com Group has a twelve month low of $51.35 and a twelve month high of $78.65. The company has a market cap of $45.63 billion and a P/E ratio of 19.14.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors lifted its holdings in shares of Trip.com Group by 5.3% during the third quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock worth $2,849,066,000 after purchasing an additional 1,912,238 shares during the period. Sanders Capital LLC raised its position in Trip.com Group by 7.2% during the 3rd quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after buying an additional 662,230 shares during the last quarter. Capital International Investors lifted its stake in shares of Trip.com Group by 0.6% in the 3rd quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock worth $479,742,000 after acquiring an additional 37,916 shares during the period. ARGA Investment Management LP boosted its holdings in shares of Trip.com Group by 41.2% in the second quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock valued at $354,426,000 after acquiring an additional 1,763,562 shares in the last quarter. Finally, Davis Selected Advisers increased its stake in shares of Trip.com Group by 1.8% during the second quarter. Davis Selected Advisers now owns 4,949,468 shares of the company’s stock worth $290,237,000 after acquiring an additional 86,471 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.