Trip.com Group's (TCOM) "Hold (C+)" Rating Reiterated at Weiss Ratings

Key Points

• Trip.com Group's stock received a "hold (C+)" rating from Weiss Ratings, despite varying ratings from other analysts, including several upgrades to "strong-buy" and "outperform" from brokers like Zacks Research and Barclays.
• The current consensus rating for the stock is "Buy," with an average target price set at $76.98, while the stock opened at $71.55.
• Institutional investors hold 35.41% of Trip.com Group's stock, with significant recent activity including increased stakes from firms like Corient Private Wealth LLC and Hudson Bay Capital Management LP.

Trip.com Group (NASDAQ:TCOM - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

TCOM has been the topic of several other reports. Zacks Research raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Sanford C. Bernstein upped their price target on Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Barclays upped their price target on Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Finally, Mizuho upped their price target on Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $76.98.

Trip.com Group Stock Down 0.1%

Shares of Trip.com Group stock opened at $71.55 on Wednesday. The stock's fifty day moving average is $69.63 and its 200-day moving average is $63.69. The firm has a market capitalization of $46.74 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 2.96 and a beta of 0.03. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. Trip.com Group has a 12-month low of $51.35 and a 12-month high of $78.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TCOM. Corient Private Wealth LLC boosted its stake in shares of Trip.com Group by 4.1% during the 2nd quarter. Corient Private Wealth LLC now owns 8,595 shares of the company's stock worth $504,000 after acquiring an additional 342 shares in the last quarter. Osaic Holdings Inc. boosted its stake 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 acquiring an additional 510 shares in the last quarter. Advisory Services Network LLC boosted its stake 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 acquiring an additional 176 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Trip.com Group during the 2nd quarter worth about $4,690,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Trip.com Group during the 2nd quarter worth about $2,395,000. 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.

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