Trip.com Group (NASDAQ:TCOM - Get Free Report) had its target price upped by equities researchers at Barclays from $84.00 to $85.00 in a report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Barclays's target price would indicate a potential upside of 13.43% from the stock's current price.
A number of other analysts also recently weighed in on the company. Mizuho increased their price objective on Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a report on Thursday. Bank of America increased their price target on Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, May 20th. Finally, TD Securities increased their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $77.62.
Read Our Latest Research Report on TCOM
Trip.com Group Price Performance
NASDAQ TCOM traded down $0.09 on Friday, hitting $74.94. 531,523 shares of the company's stock were exchanged, compared to its average volume of 3,491,791. The stock has a 50-day moving average of $61.91 and a 200-day moving average of $61.55. The stock has a market cap of $48.96 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 3.13 and a beta of 0.06. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. Trip.com Group has a 52 week low of $46.20 and a 52 week high of $77.18.
Institutional Trading of Trip.com Group
Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its stake in shares of Trip.com Group by 4.1% during the first quarter. Principal Financial Group Inc. now owns 257,077 shares of the company's stock valued at $16,345,000 after acquiring an additional 10,124 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Trip.com Group in the first quarter worth about $690,000. Cerity Partners LLC grew its holdings in Trip.com Group by 57.8% in the first quarter. Cerity Partners LLC now owns 21,657 shares of the company's stock worth $1,377,000 after purchasing an additional 7,929 shares during the period. Baird Financial Group Inc. purchased a new stake in Trip.com Group in the fourth quarter worth about $382,000. Finally, LPL Financial LLC grew its holdings in Trip.com Group by 219.7% in the first quarter. LPL Financial LLC now owns 44,706 shares of the company's stock worth $2,842,000 after purchasing an additional 30,723 shares during the period. 35.41% of the stock is owned by institutional investors.
Trip.com Group Company Profile
(
Get Free Report)
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.
Further Reading
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