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

Benchmark reissued their buy rating on shares of Trip.com Group (NASDAQ:TCOM) in a research report report published on Tuesday,Benzinga reports. The firm currently has a $80.00 target price on the stock.

Several other brokerages have also recently commented on TCOM. Mizuho raised Trip.com Group to a “strong-buy” rating in a report on Friday, May 2nd. Wall Street Zen cut Trip.com Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 26th. Finally, JPMorgan Chase & Co. dropped their price objective on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $77.25.

Trip.com Group Stock Down 1.9%

TCOM stock opened at $61.06 on Tuesday. The firm’s 50-day moving average is $60.29 and its two-hundred day moving average is $64.50. The company has a market capitalization of $39.89 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 0.67 and a beta of 0.08. Trip.com Group has a 52 week low of $38.23 and a 52 week high of $77.18. 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 Dividend Announcement

The business also recently announced a — dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were issued a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group’s payout ratio is 8.02%.

Institutional Investors Weigh In On Trip.com Group

Several hedge funds have recently modified their holdings of the stock. FMR LLC increased its stake in Trip.com Group by 125.5% in the 4th quarter. FMR LLC now owns 25,088,658 shares of the company’s stock worth $1,722,587,000 after purchasing an additional 13,964,875 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Trip.com Group by 1,609.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company’s stock worth $821,514,000 after acquiring an additional 12,165,176 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of Trip.com Group by 1,925.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company’s stock valued at $205,057,000 after acquiring an additional 2,839,142 shares during the period. Wellington Management Group LLP raised its holdings in shares of Trip.com Group by 92.9% during the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock valued at $299,700,000 after acquiring an additional 2,101,937 shares during the period. Finally, Voya Investment Management LLC lifted its position in shares of Trip.com Group by 751.8% in the 4th quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company’s stock valued at $144,649,000 after acquiring an additional 1,859,401 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.