Barclays Raises Trip.com Group (NASDAQ:TCOM) Price Target to $76.00

Trip.com Group (NASDAQ:TCOM) had its price target upped by Barclays from $60.00 to $76.00 in a research note published on Wednesday, Benzinga reports. They currently have an overweight rating on the stock.

TCOM has been the topic of a number of other reports. Mizuho boosted their price target on shares of Trip.com Group from $60.00 to $65.00 and gave the stock a buy rating in a research note on Tuesday, May 21st. Citigroup boosted their price objective on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a buy rating in a report on Monday, April 1st. StockNews.com downgraded shares of Trip.com Group from a buy rating to a hold rating in a report on Monday, May 13th. TD Cowen boosted their price objective on shares of Trip.com Group from $53.00 to $63.00 and gave the stock a buy rating in a report on Tuesday, May 21st. Finally, CLSA boosted their price objective on shares of Trip.com Group from $55.00 to $64.00 and gave the stock a buy rating in a report on Monday, May 13th. Two investment 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, the stock currently has a consensus rating of Moderate Buy and an average target price of $60.30.

Trip.com Group Trading Up 1.5 %

Shares of Trip.com Group stock opened at $52.75 on Wednesday. Trip.com Group has a 52-week low of $30.70 and a 52-week high of $58.00. The company has a quick ratio of 1.23, a current ratio of 1.15 and a debt-to-equity ratio of 0.07. The company’s 50-day simple moving average is $49.87 and its 200-day simple moving average is $41.90. The firm has a market cap of $33.98 billion, a price-to-earnings ratio of 23.76 and a beta of 0.52.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) 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 10.73%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. As a group, equities research analysts anticipate that Trip.com Group will post 2.53 earnings per share for the current year.

Institutional Trading of Trip.com Group

Several institutional investors and hedge funds have recently modified their holdings of TCOM. Principal Financial Group Inc. lifted its holdings in shares of Trip.com Group by 0.8% in the third quarter. Principal Financial Group Inc. now owns 105,399 shares of the company’s stock valued at $3,686,000 after purchasing an additional 882 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Trip.com Group by 7.6% in the third quarter. Signaturefd LLC now owns 8,245 shares of the company’s stock valued at $288,000 after purchasing an additional 584 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Trip.com Group by 73.0% during the third quarter. Assenagon Asset Management S.A. now owns 3,341,602 shares of the company’s stock valued at $116,856,000 after buying an additional 1,409,655 shares during the period. AdvisorShares Investments LLC purchased a new position in shares of Trip.com Group during the third quarter valued at approximately $234,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Trip.com Group by 0.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 125,729 shares of the company’s stock valued at $4,395,000 after buying an additional 1,075 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

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.