Trip.com Group (NASDAQ:TCOM) Rating Reiterated by Benchmark

Benchmark restated their buy rating on shares of Trip.com Group (NASDAQ:TCOM - Free Report) in a research note released on Wednesday morning, Benzinga reports. Benchmark currently has a $55.00 price objective on the stock.

A number of other equities research analysts have also recently weighed in on the company. Citigroup lifted their price target on Trip.com Group from $53.00 to $55.00 and gave the company a buy rating in a report on Monday, April 1st. HSBC boosted their price target on shares of 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 raised Trip.com Group from a hold rating to a buy rating in a research note on Friday, February 23rd. Barclays raised their target price on Trip.com Group from $56.00 to $60.00 and gave the company an overweight rating in a research note on Thursday, February 22nd. Finally, Mizuho lifted their target price on Trip.com Group from $55.00 to $60.00 and gave the stock a buy rating in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, Trip.com Group currently has an average rating of Moderate Buy and a consensus target price of $53.67.

Trip.com Group Stock Performance

NASDAQ TCOM traded down $0.41 during trading hours on Wednesday, hitting $48.26. The company had a trading volume of 3,114,229 shares, compared to its average volume of 3,903,927. Trip.com Group has a fifty-two week low of $30.70 and a fifty-two week high of $50.63. The firm has a market cap of $31.18 billion, a P/E ratio of 23.31 and a beta of 0.56. 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 business has a fifty day simple moving average of $44.47 and a 200-day simple moving average of $38.31.

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, topping analysts' consensus estimates of $0.19 by $0.29. The business had revenue of $1.45 billion for 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%. Equities analysts predict that Trip.com Group will post 2.54 EPS for the current year.

Institutional Trading of Trip.com Group

Several institutional investors and hedge funds have recently bought and sold shares of TCOM. First Horizon Advisors Inc. purchased a new position in Trip.com Group during the 1st quarter worth approximately $27,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Trip.com Group by 90.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company's stock worth $34,000 after buying an additional 452 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Trip.com Group in the second quarter worth $38,000. Atlas Capital Advisors LLC purchased a new position in shares of Trip.com Group during the first quarter valued at $55,000. Finally, Advisors Asset Management Inc. raised its position in Trip.com Group by 81.0% during the third quarter. Advisors Asset Management Inc. now owns 1,680 shares of the company's stock valued at $59,000 after buying an additional 752 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

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.