Trip.com Group (NASDAQ:TCOM) Price Target Raised to $78.00

Trip.com Group (NASDAQ:TCOM) had its price objective raised by Mizuho from $65.00 to $78.00 in a research note published on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Other analysts also recently issued research reports about the stock. Sanford C. Bernstein started coverage on shares of Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a research report on Tuesday, August 27th. TD Cowen reduced their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. HSBC downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Macquarie raised shares of Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.33.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $59.93 on Tuesday. The company has a market capitalization of $38.60 billion, a PE ratio of 20.95 and a beta of 0.39. The company has a 50 day simple moving average of $58.85 and a two-hundred day simple moving average of $51.97. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. Trip.com Group has a fifty-two week low of $31.55 and a fifty-two week high of $69.67.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. Research analysts anticipate that Trip.com Group will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On Trip.com Group

Several large investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd lifted its stake in Trip.com Group by 22.7% during the 3rd quarter. Point72 Hong Kong Ltd now owns 281,779 shares of the company’s stock valued at $16,746,000 after acquiring an additional 52,102 shares in the last quarter. ARGA Investment Management LP lifted its stake in Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after acquiring an additional 1,884,044 shares in the last quarter. Wasatch Advisors LP bought a new position in Trip.com Group during the 3rd quarter valued at $73,336,000. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Trip.com Group by 4.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,026,506 shares of the company’s stock worth $61,005,000 after purchasing an additional 46,338 shares during the period. Finally, Hhlr Advisors LTD. raised its stake in shares of Trip.com Group by 28.2% during the 3rd quarter. Hhlr Advisors LTD. now owns 1,774,432 shares of the company’s stock worth $105,454,000 after purchasing an additional 389,790 shares during the period. 35.41% of the stock is currently owned by 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.