Trip.com Group (NASDAQ:TCOM) Shares Up 5.6% Following Analyst Upgrade

Shares of Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) were up 5.6% during mid-day trading on Monday 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 $46.37 and last traded at $46.33. Approximately 518,093 shares changed hands during trading, a decline of 87% from the average daily volume of 3,839,061 shares. The stock had previously closed at $43.89.

Several other equities research analysts also recently commented on TCOM. StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a research note on Friday, February 23rd. Mizuho lifted their price objective on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. UBS Group lifted their price objective on shares of 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, Barclays lifted their price objective on shares of Trip.com Group from $56.00 to $60.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $52.88.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its stake in shares of Trip.com Group by 1,628.6% during the fourth quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company's stock worth $42,368,000 after purchasing an additional 1,109,727 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Trip.com Group by 2.0% during the third quarter. JPMorgan Chase & Co. now owns 4,172,916 shares of the company's stock worth $145,927,000 after purchasing an additional 81,201 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Trip.com Group by 98.2% during the third 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 in the last quarter. The Manufacturers Life Insurance Company grew its stake in 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 valued at $37,691,000 after acquiring an additional 168,930 shares in the last quarter. Finally, New York State Common Retirement Fund grew its stake in Trip.com Group by 12.4% during 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 acquiring an additional 30,497 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Performance

The company has a market cap of $30.34 billion, a PE ratio of 22.69 and a beta of 0.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.23. The firm's 50 day moving average is $41.90 and its 200-day moving average is $37.28.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.29. The company had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.42 billion. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. On average, research analysts anticipate that Trip.com Group Limited will post 2.54 earnings per share for the current fiscal year.

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.