Trip.com Group (NASDAQ:TCOM) Price Target Increased to $55.00 by Analysts at Citigroup

Trip.com Group (NASDAQ:TCOM - Get Free Report) had its target price upped by analysts at Citigroup from $53.00 to $55.00 in a report issued on Monday, Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's price target points to a potential upside of 17.12% from the stock's previous close.

A number of other equities research analysts have also commented on TCOM. UBS Group upped their target price on Trip.com Group from $48.00 to $52.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research report on Friday, February 23rd. Barclays upped their price objective on Trip.com Group from $56.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. Finally, Mizuho upped their price objective on Trip.com Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Trip.com Group has an average rating of "Moderate Buy" and a consensus target price of $52.88.

Trip.com Group Stock Up 7.0 %

Shares of TCOM traded up $3.07 during mid-day trading on Monday, hitting $46.96. 5,129,376 shares of the company traded hands, compared to its average volume of 3,913,977. Trip.com Group has a 1-year low of $30.70 and a 1-year high of $47.64. 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 company has a market capitalization of $30.34 billion, a PE ratio of 22.82 and a beta of 0.56. The business has a 50 day moving average of $41.66 and a 200 day moving average of $37.20.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.29. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. Equities research analysts anticipate that Trip.com Group will post 2.54 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TCOM. Nordea Investment Management AB raised its stake in Trip.com Group by 1,628.6% in the 4th quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company's stock valued at $42,368,000 after purchasing an additional 1,109,727 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Trip.com Group by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,172,916 shares of the company's stock valued at $145,927,000 after purchasing an additional 81,201 shares during the last quarter. Acadian Asset Management LLC raised its stake in Trip.com Group by 98.2% in the 3rd quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company's stock valued at $190,164,000 after purchasing an additional 2,695,221 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Trip.com Group by 18.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,077,817 shares of the company's stock valued at $37,691,000 after purchasing an additional 168,930 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Trip.com Group by 12.4% in the 3rd quarter. New York State Common Retirement Fund now owns 275,797 shares of the company's stock valued at $9,645,000 after purchasing an additional 30,497 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

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.