Trip.com Group (NASDAQ:TCOM) Hits New 1-Year High - Time to Buy?

Key Points

• Trip.com Group shares reached a new **52-week high** of **$77.89** during mid-day trading and last traded at **$76.93**.
• Analyst upgrades include a price target increase from **$68.00** to **$70.00** by Bank of America, while **Zacks Research** upgraded the stock to a **strong-buy** rating.
• Institutional investors have increased their stakes significantly, with **35.41%** of the stock now held by these investors.

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $77.89 and last traded at $76.93, with a volume of 294266 shares traded. The stock had previously closed at $76.58.

Analysts Set New Price Targets

A number of analysts have commented on TCOM shares. Mizuho lifted their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Zacks Research raised shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Barclays boosted their price target on shares of Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Finally, Sanford C. Bernstein boosted their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Two analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $76.98.

Trip.com Group Stock Performance

The firm has a market cap of $51.29 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 3.24 and a beta of 0.03. The stock's 50 day moving average is $66.64 and its 200 day moving average is $62.69. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. grew its position in shares of Trip.com Group by 2.1% during the 2nd quarter. Osaic Holdings Inc. now owns 24,718 shares of the company's stock worth $1,468,000 after purchasing an additional 510 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Trip.com Group by 2.1% during the 2nd quarter. Advisory Services Network LLC now owns 8,438 shares of the company's stock worth $523,000 after purchasing an additional 176 shares in the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Trip.com Group during the 2nd quarter worth approximately $4,690,000. Nomura Holdings Inc. bought a new position in Trip.com Group in the second quarter valued at approximately $2,395,000. Finally, Caxton Associates LLP raised its position in Trip.com Group by 125.0% during the second quarter. Caxton Associates LLP now owns 14,148 shares of the company's stock valued at $830,000 after purchasing an additional 7,859 shares in 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, through its subsidiaries, 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.