Trip.com Group (NASDAQ:TCOM) PT Raised to $63.00 at TD Cowen

Trip.com Group (NASDAQ:TCOM - Free Report) had its price objective upped by TD Cowen from $53.00 to $63.00 in a report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms have also commented on TCOM. Mizuho raised their price objective on shares of Trip.com Group from $60.00 to $65.00 and gave the company a buy rating in a research note on Tuesday. HSBC upped their price objective on Trip.com Group from $50.00 to $60.00 and gave the stock a buy rating in a research report on Friday, April 12th. StockNews.com lowered Trip.com Group from a buy rating to a hold rating in a report on Monday, May 13th. UBS Group boosted their target price on Trip.com Group from $48.00 to $52.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. Finally, Citigroup increased their price target on Trip.com Group from $53.00 to $55.00 and gave the company a buy rating in a research report on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Trip.com Group currently has a consensus rating of Moderate Buy and a consensus price target of $58.70.

Trip.com Group Trading Down 2.1 %

Shares of NASDAQ:TCOM traded down $1.22 during mid-day trading on Tuesday, reaching $55.83. 6,449,754 shares of the company were exchanged, compared to its average volume of 3,825,478. Trip.com Group has a 1 year low of $30.70 and a 1 year high of $58.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.23. The firm's 50-day simple moving average is $49.32 and its 200 day simple moving average is $41.55. The firm has a market cap of $35.96 billion, a price-to-earnings ratio of 26.97 and a beta of 0.52.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.29. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. The business had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.42 billion. Equities research analysts forecast that Trip.com Group will post 2.53 EPS for the current year.

Institutional Trading of Trip.com Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TCOM. Benjamin F. Edwards & Company Inc. boosted its position in shares of Trip.com Group by 90.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company's stock valued at $34,000 after purchasing an additional 452 shares during the period. Atlas Capital Advisors LLC acquired a new stake in shares of Trip.com Group in the first quarter valued at approximately $74,000. Clarity Asset Management Inc. purchased a new position in shares of Trip.com Group during the fourth quarter worth approximately $66,000. Advisors Asset Management Inc. increased its holdings in shares of Trip.com Group by 29.5% in the 1st quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company's stock valued at $118,000 after acquiring an additional 613 shares during the period. Finally, Lindbrook Capital LLC raised its position in Trip.com Group by 11.4% in the 1st quarter. Lindbrook Capital LLC now owns 3,154 shares of the company's stock valued at $138,000 after purchasing an additional 323 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

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.