Trip.com Group (NASDAQ:TCOM) Stock Rating Upgraded by Zacks Research

Trip.com Group (NASDAQ:TCOM) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

Several other brokerages have also recently weighed in on TCOM. Jefferies Financial Group restated a “buy” rating and issued a $63.00 price objective on shares of Trip.com Group in a report on Tuesday, July 28th. Benchmark reiterated a “buy” rating on shares of Trip.com Group in a report on Tuesday, July 28th. JPMorgan Chase & Co. reduced their price target on Trip.com Group from $72.00 to $62.00 and set an “overweight” rating for the company in a research report on Thursday, September 17th. HSBC downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 3rd. Finally, Weiss Ratings lowered Trip.com Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Trip.com Group has a consensus rating of “Moderate Buy” and a consensus target price of $60.45.

Trip.com Group Trading Up 1.0%

Trip.com Group stock opened at $41.38 on Monday. The company has a market cap of $26.88 billion and a P/E ratio of 8.53. Trip.com Group has a 1-year low of $37.58 and a 1-year high of $78.99. The company has a fifty day simple moving average of $40.29 and a 200 day simple moving average of $47.76.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Friday, August 14th. The company reported $1.07 earnings per share (EPS) for the quarter. Trip.com Group had a net margin of 36.07% and a return on equity of 16.99%. The firm had revenue of $2.31 billion for the quarter. On average, equities research analysts forecast that Trip.com Group will post 3.07 EPS for the current year.

Institutional Trading of Trip.com Group

A number of large investors have recently added to or reduced their stakes in TCOM. Sanders Capital LLC lifted its position in shares of Trip.com Group by 1.5% in the third quarter. Sanders Capital LLC now owns 10,714,647 shares of the company’s stock valued at $418,943,000 after buying an additional 154,083 shares during the last quarter. Perseverance Asset Management International acquired a new position in shares of Trip.com Group during the 1st quarter worth approximately $33,608,000. ABN Amro Investment Solutions increased its holdings in shares of Trip.com Group by 91.5% during the 1st quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company’s stock worth $24,595,000 after acquiring an additional 235,997 shares during the last quarter. C WorldWide Group Holding A S raised its stake in Trip.com Group by 2.1% in the 2nd quarter. C WorldWide Group Holding A S now owns 613,630 shares of the company’s stock valued at $24,447,000 after acquiring an additional 12,463 shares during the period. Finally, Sei Investments Co. raised its stake in Trip.com Group by 24.8% in the 1st quarter. Sei Investments Co. now owns 370,430 shares of the company’s stock valued at $18,444,000 after acquiring an additional 73,650 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Company Profile

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in China. Founded in 1999 as Ctrip, the company changed its name to Trip.com Group in 2019 to reflect its expanding international operations and portfolio of travel brands.

The company operates online platforms that help travelers research, plan and book trips. Its services include hotel and accommodation reservations, airline and train ticketing, vacation packages, attraction tickets, car rentals and other travel-related products.