Trip.com Group (NASDAQ:TCOM) Upgraded by Zacks Research to Strong-Buy Rating

Key Points

• Trip.com Group has been upgraded to a "strong-buy" rating by Zacks Research, reflecting growing confidence in the company's performance.
• Analysts have raised their price targets on Trip.com Group, with estimates ranging from $70.00 to $81.00 per share, suggesting strong potential upside.
• Institutional investors are increasingly adding to their stakes in Trip.com Group, indicating enhanced interest and confidence from large investment firms.

Trip.com Group (NASDAQ:TCOM - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the stock. TD Securities lifted their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Bank of America boosted their price objective on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Mizuho boosted their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Sanford C. Bernstein boosted their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, Benchmark reissued a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $76.98.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $72.79 on Thursday. The firm has a market cap of $47.55 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 3.01 and a beta of 0.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. Trip.com Group has a 52 week low of $46.20 and a 52 week high of $77.18. The firm's 50-day simple moving average is $63.65 and its two-hundred day simple moving average is $61.74.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Stone House Investment Management LLC purchased a new stake in shares of Trip.com Group in the 1st quarter worth about $32,000. NewEdge Advisors LLC grew its position in Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company's stock valued at $36,000 after purchasing an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company's stock valued at $41,000 after purchasing an additional 215 shares during the last quarter. First Horizon Advisors Inc. grew its position in Trip.com Group by 67.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 851 shares of the company's stock valued at $50,000 after purchasing an additional 342 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of Trip.com Group during the 1st quarter valued at about $58,000. 35.41% of the stock is currently owned by institutional investors.

About Trip.com Group

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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