Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) shares reached a new 52-week high on Tuesday after Citigroup raised their price target on the stock from $53.00 to $55.00. Citigroup currently has a buy rating on the stock. Trip.com Group traded as high as $48.83 and last traded at $48.68, with a volume of 1347636 shares changing hands. The stock had previously closed at $46.96.
Other equities research analysts also recently issued reports about the stock. Mizuho lifted their target price on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Barclays boosted 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 report on Thursday, February 22nd. UBS Group boosted their price target on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Finally, StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Trip.com Group presently has an average rating of "Moderate Buy" and an average price target of $52.88.
Get Our Latest Stock Report on Trip.com Group
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of TCOM. E Fund Management Hong Kong Co. Ltd. raised its holdings in Trip.com Group by 136.0% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 298,950 shares of the company's stock worth $6,424,000 after buying an additional 172,253 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in Trip.com Group by 19.7% during the first quarter. Advisor Group Holdings Inc. now owns 6,496 shares of the company's stock worth $152,000 after purchasing an additional 1,068 shares during the period. American Century Companies Inc. boosted its position in Trip.com Group by 102.8% during the first quarter. American Century Companies Inc. now owns 102,370 shares of the company's stock worth $2,367,000 after purchasing an additional 51,896 shares during the period. Natixis Advisors L.P. boosted its position in Trip.com Group by 9.2% during the first quarter. Natixis Advisors L.P. now owns 27,367 shares of the company's stock worth $632,000 after purchasing an additional 2,312 shares during the period. Finally, BlackRock Inc. boosted its position in Trip.com Group by 18.1% during the first quarter. BlackRock Inc. now owns 25,456,730 shares of the company's stock worth $588,559,000 after purchasing an additional 3,893,531 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.
Trip.com Group Price Performance
The stock has a market cap of $31.60 billion, a P/E ratio of 23.63 and a beta of 0.56. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. The business's 50-day simple moving average is $42.15 and its two-hundred day simple moving average is $37.37.
Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.29. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. Sell-side analysts expect that Trip.com Group Limited will post 2.54 EPS for the current year.
Trip.com Group Company Profile
(
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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.
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