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

Trip.com Group (NASDAQ:TCOM)‘s stock had its “buy” rating reaffirmed by research analysts at Benchmark in a note issued to investors 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 24.26% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Barclays boosted their price target on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. TD Cowen boosted their price target on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Tuesday, November 19th. Macquarie boosted their price target on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Sanford C. Bernstein started coverage on Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective for the company. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Trip.com Group presently has an average rating of “Buy” and an average target price of $74.78.

Trip.com Group Stock Up 1.1 %

TCOM stock traded up $0.67 during midday trading on Tuesday, hitting $64.38. 720,571 shares of the company’s stock were exchanged, compared to its average volume of 2,578,218. 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 $34.42 and a 12-month high of $77.18. The firm has a 50 day moving average price of $67.44 and a 200-day moving average price of $56.76. The stock has a market capitalization of $41.47 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.09 and a beta of 0.38.

Institutional Trading of Trip.com Group

Several institutional investors have recently modified their holdings of the company. FMR LLC lifted its holdings in shares of Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after purchasing an additional 2,749,365 shares during the last quarter. Sanders Capital LLC lifted its holdings in shares of Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after purchasing an additional 2,462,767 shares during the last quarter. Aspex Management HK Ltd purchased a new stake in shares of Trip.com Group during the third quarter valued at $128,962,000. Wellington Management Group LLP lifted its holdings in shares of Trip.com Group by 557.8% during the third quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock valued at $134,493,000 after purchasing an additional 1,919,006 shares during the last quarter. Finally, ARGA Investment Management LP lifted its holdings in shares of Trip.com Group by 46.9% during the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after purchasing an additional 1,884,044 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

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.