Trip.com Group (NASDAQ:TCOM) Upgraded to "Buy" by StockNews.com

Trip.com Group (NASDAQ:TCOM - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday.

A number of other research analysts also recently issued reports on TCOM. HSBC upped their price objective 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. UBS Group upped their price target on Trip.com Group from $48.00 to $52.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Benchmark upped their price target on Trip.com Group from $55.00 to $72.00 and gave the company a "buy" rating in a research report on Tuesday. Mizuho upped their price target on Trip.com Group from $60.00 to $65.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, CLSA upped their price target on Trip.com Group from $55.00 to $64.00 and gave the company a "buy" rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.30.

Trip.com Group Stock Performance

NASDAQ:TCOM traded down $1.33 during trading on Wednesday, reaching $54.50. The company's stock had a trading volume of 4,152,097 shares, compared to its average volume of 3,829,083. 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. The firm has a 50 day moving average of $49.52 and a 200-day moving average of $41.64. Trip.com Group has a 12 month low of $30.70 and a 12 month high of $58.00.

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 analysts' consensus estimates of $0.19 by $0.29. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Trip.com Group had a return on equity of 10.88% and a net margin of 22.99%. Research analysts expect that Trip.com Group will post 2.53 EPS for the current fiscal year.

Institutional Trading of Trip.com Group

Institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB lifted its holdings in 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 purchasing an additional 1,109,727 shares in the last quarter. AIA Group Ltd raised its holdings in shares of Trip.com Group by 43.1% in the 4th quarter. AIA Group Ltd now owns 90,449 shares of the company's stock valued at $3,257,000 after acquiring an additional 27,236 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Trip.com Group by 137.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company's stock valued at $1,284,000 after acquiring an additional 20,654 shares in the last quarter. ANTIPODES PARTNERS Ltd raised its holdings in shares of Trip.com Group by 112.3% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company's stock valued at $6,769,000 after acquiring an additional 99,460 shares in the last quarter. Finally, ARGA Investment Management LP raised its holdings in shares of Trip.com Group by 22.3% in the 4th quarter. ARGA Investment Management LP now owns 4,595,151 shares of the company's stock valued at $165,471,000 after acquiring an additional 837,620 shares in the last quarter. Hedge funds and other institutional investors 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.

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