Trip.com Group (NASDAQ:TCOM) Given New $60.00 Price Target at HSBC

Trip.com Group (NASDAQ:TCOM - Get Free Report) had its price target upped by investment analysts at HSBC from $50.00 to $60.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a "buy" rating on the stock. HSBC's price objective indicates a potential upside of 22.82% from the stock's previous close.

A number of other research analysts have also issued reports on TCOM. Mizuho lifted their target price on Trip.com Group from $55.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. 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. StockNews.com raised Trip.com Group from a "hold" rating to a "buy" rating in a research report on Friday, February 23rd. Citigroup upped their price objective on Trip.com Group from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, April 1st. Finally, UBS Group upped their price objective on Trip.com Group from $48.00 to $52.00 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 ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $53.67.

Trip.com Group Stock Down 2.5 %

NASDAQ:TCOM traded down $1.25 during midday trading on Friday, reaching $48.85. The company had a trading volume of 3,538,244 shares, compared to its average volume of 3,919,770. The firm has a market capitalization of $31.56 billion, a price-to-earnings ratio of 23.60 and a beta of 0.56. The stock's fifty day simple moving average is $43.82 and its 200-day simple moving average is $37.98. Trip.com Group has a 12-month low of $30.70 and a 12-month high of $50.40. The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.29. The firm had revenue of $1.45 billion during 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%. On average, sell-side analysts anticipate that Trip.com Group will post 2.54 earnings per share for the current fiscal year.

Institutional Trading of Trip.com Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its stake in shares of Trip.com Group by 1,628.6% during the 4th quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company's stock worth $42,368,000 after buying an additional 1,109,727 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in Trip.com Group by 112.3% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company's stock valued at $6,769,000 after buying an additional 99,460 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Trip.com Group by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,172,916 shares of the company's stock valued at $145,927,000 after buying an additional 81,201 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Trip.com Group by 98.2% during the 3rd quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company's stock worth $190,164,000 after purchasing an additional 2,695,221 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Trip.com Group by 18.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,077,817 shares of the company's stock worth $37,691,000 after purchasing an additional 168,930 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

About Trip.com Group

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.