Trip.com Group (NASDAQ:TCOM) Price Target Increased to $76.00 by Analysts at Barclays

Trip.com Group (NASDAQ:TCOM - Free Report) had its price target lifted by Barclays from $60.00 to $76.00 in a report published on Wednesday, Benzinga reports. Barclays currently has an overweight rating on the stock.

TCOM has been the topic of several other reports. Benchmark raised their price objective on Trip.com Group from $55.00 to $72.00 and gave the company a buy rating in a research note on Tuesday. Citigroup raised their price objective on Trip.com Group from $53.00 to $55.00 and gave the company a buy rating in a research note on Monday, April 1st. StockNews.com lowered Trip.com Group from a buy rating to a hold rating in a research note on Monday, May 13th. HSBC lifted their price target on Trip.com Group from $50.00 to $60.00 and gave the company a buy rating in a research note on Friday, April 12th. Finally, TD Cowen lifted their price target on Trip.com Group from $53.00 to $63.00 and gave the company a buy rating in a research note on Tuesday. 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 an average rating of Moderate Buy and an average price target of $60.30.

Trip.com Group Price Performance

Shares of NASDAQ TCOM traded down $1.33 during mid-day trading on Wednesday, reaching $54.50. The company had a trading volume of 4,152,097 shares, compared to its average volume of 3,829,083. The business's 50-day simple moving average is $49.52 and its 200 day simple moving average is $41.64. The firm has a market cap of $35.10 billion, a price-to-earnings ratio of 24.55 and a beta of 0.52. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.23. Trip.com Group has a one year low of $30.70 and a one year high of $58.00.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.29. The business 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 10.88% and a net margin of 22.99%. On average, research analysts predict that Trip.com Group will post 2.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Trip.com Group

A number of hedge funds have recently made changes to their positions in TCOM. Benjamin F. Edwards & Company Inc. raised its position in shares of Trip.com Group by 90.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company's stock worth $34,000 after acquiring an additional 452 shares during the last quarter. Clarity Asset Management Inc. bought a new position in shares of Trip.com Group during the fourth quarter worth about $66,000. Atlas Capital Advisors LLC bought a new position in shares of Trip.com Group during the first quarter worth about $74,000. Advisors Asset Management Inc. raised its position in shares of Trip.com Group by 29.5% during the first quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company's stock worth $118,000 after acquiring an additional 613 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in Trip.com Group by 14.5% in the fourth quarter. Parallel Advisors LLC now owns 3,396 shares of the company's stock worth $122,000 after purchasing an additional 430 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

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.