StockNews.com Upgrades Trip.com Group (NASDAQ:TCOM) to Buy

Trip.com Group (NASDAQ:TCOM) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Several other research firms also recently weighed in on TCOM. Citigroup upped their price target on Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. TD Cowen raised their price target on Trip.com Group from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday. CLSA upped their price target on shares of Trip.com Group from $55.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Mizuho raised their price objective on shares of Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Barclays lifted their target price on shares of Trip.com Group from $60.00 to $76.00 and gave the stock an “overweight” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Trip.com Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.30.

Trip.com Group Stock Down 4.7 %

NASDAQ:TCOM opened at $51.96 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.23. The firm’s 50-day moving average price is $49.68 and its 200-day moving average price is $41.71. The company has a market capitalization of $33.47 billion, a PE ratio of 23.41 and a beta of 0.52. Trip.com Group has a 1-year low of $30.70 and a 1-year high of $58.00.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.29. Trip.com Group had a net margin of 22.99% and a return on equity of 10.88%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. On average, equities analysts predict that Trip.com Group will post 2.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

A number of hedge funds have recently added to or reduced their stakes in TCOM. Swedbank AB purchased a new stake in Trip.com Group during the first quarter valued at $8,891,000. Tidal Investments LLC increased its position in shares of Trip.com Group by 698.7% during the 1st quarter. Tidal Investments LLC now owns 89,432 shares of the company’s stock valued at $3,925,000 after purchasing an additional 78,235 shares during the last quarter. Kontiki Capital Management HK Ltd. lifted its stake in shares of Trip.com Group by 1.9% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company’s stock worth $198,549,000 after purchasing an additional 83,200 shares during the period. Bayesian Capital Management LP purchased a new position in shares of Trip.com Group in the first quarter worth approximately $742,000. Finally, Capital World Investors grew its position in Trip.com Group by 27.5% during the first quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock valued at $2,149,366,000 after buying an additional 10,576,028 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Company Profile

Trip.com Group Limited 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.