Trip.com Group (NASDAQ:TCOM) Receives Buy Rating from Benchmark

Benchmark reissued their buy rating on shares of Trip.com Group (NASDAQ:TCOM - Free Report) in a report published on Tuesday morning,Benzinga reports. The brokerage currently has a $80.00 price objective on the stock.

TCOM has been the topic of several other research reports. JPMorgan Chase & Co. cut their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $77.25.

Trip.com Group Stock Up 2.1%

Shares of TCOM stock traded up $1.27 during mid-day trading on Tuesday, hitting $62.33. 3,004,365 shares of the stock traded hands, compared to its average volume of 3,994,322. The stock has a market cap of $40.72 billion, a P/E ratio of 18.66, a P/E/G ratio of 0.67 and a beta of 0.08. The stock's fifty day moving average is $60.21 and its two-hundred day moving average is $64.44. Trip.com Group has a 52-week low of $38.23 and a 52-week high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Trip.com Group Dividend Announcement

The firm also recently disclosed a -- dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's payout ratio is 8.12%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Brooklyn Investment Group purchased a new position in shares of Trip.com Group in the fourth quarter valued at $25,000. National Bank of Canada FI lifted its holdings in Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after purchasing an additional 321 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after purchasing an additional 449 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of Trip.com Group during the 1st quarter worth about $32,000. Finally, Principal Securities Inc. grew its holdings in shares of Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after buying an additional 169 shares in the last quarter. Hedge funds and other institutional investors 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.