Trip.com Group's (TCOM) "Buy" Rating Reiterated at Benchmark

Trip.com Group (NASDAQ:TCOM - Get Free Report)'s stock had its "buy" rating reissued by analysts at Benchmark in a research note issued on Tuesday,Benzinga reports. They currently have a $80.00 price objective on the stock. Benchmark's target price points to a potential upside of 19.23% from the company's previous close.

Other equities analysts have also issued research reports about the company. Mizuho raised Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. dropped their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Finally, StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $78.53.

Trip.com Group Stock Up 3.3%

Shares of NASDAQ TCOM opened at $67.10 on Tuesday. The stock has a market cap of $43.83 billion, a P/E ratio of 20.09, a PEG ratio of 0.67 and a beta of 0.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group has a 12-month low of $38.23 and a 12-month high of $77.18. The business's fifty day simple moving average is $60.34 and its 200-day simple moving average is $64.57.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Brooklyn Investment Group acquired a new position in Trip.com Group in the 4th quarter valued at $25,000. Aaron Wealth Advisors LLC purchased a new stake in Trip.com Group during the 4th quarter worth $232,000. Diversify Wealth Management LLC purchased a new stake in Trip.com Group during the 4th quarter worth $575,000. Atomi Financial Group Inc. boosted its position in Trip.com Group by 10.2% during the 4th quarter. Atomi Financial Group Inc. now owns 7,575 shares of the company's stock worth $520,000 after purchasing an additional 703 shares during the period. Finally, KBC Group NV boosted its position in Trip.com Group by 7.5% in the 4th quarter. KBC Group NV now owns 134,978 shares of the company's stock valued at $9,268,000 after buying an additional 9,371 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

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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