Trip.com Group (NASDAQ:TCOM - Get Free Report) had its price target raised by equities researchers at Bank of America from $68.00 to $70.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's price objective points to a potential upside of 11.69% from the stock's previous close.
A number of other research firms have also recently weighed in on TCOM. TD Securities lifted their price target on Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday. StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. JPMorgan Chase & Co. reduced their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Benchmark reissued a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday. Finally, Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $77.25.
Check Out Our Latest Analysis on TCOM
Trip.com Group Stock Performance
NASDAQ:TCOM traded down $0.71 during mid-day trading on Wednesday, hitting $62.67. The stock had a trading volume of 708,900 shares, compared to its average volume of 4,012,151. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a 50 day simple moving average of $60.40 and a 200-day simple moving average of $64.56. The stock has a market capitalization of $40.94 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 0.67 and a beta of 0.08. Trip.com Group has a 52 week low of $38.23 and a 52 week high of $77.18.
Institutional Trading of Trip.com Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. abrdn plc grew its position in Trip.com Group by 0.5% in the fourth quarter. abrdn plc now owns 29,598 shares of the company's stock worth $2,032,000 after buying an additional 150 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Trip.com Group by 0.7% in the 1st quarter. Cetera Investment Advisers now owns 22,704 shares of the company's stock worth $1,444,000 after acquiring an additional 166 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after acquiring an additional 169 shares during the last quarter. Rhumbline Advisers raised its position in shares of Trip.com Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after purchasing an additional 184 shares during the period. Finally, Blair William & Co. IL lifted its holdings in shares of Trip.com Group by 4.3% during the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock valued at $367,000 after purchasing an additional 219 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.
Trip.com Group Company Profile
(
Get Free Report)
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.
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