Trip.com Group (NASDAQ:TCOM) Stock Price Up 2.9% Following Analyst Upgrade

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) shot up 2.9% during mid-day trading on Tuesday after Benchmark raised their price target on the stock from $80.00 to $82.00. Benchmark currently has a buy rating on the stock. Trip.com Group traded as high as $73.50 and last traded at $72.9540. 444,288 shares were traded during trading, a decline of 86% from the average session volume of 3,143,004 shares. The stock had previously closed at $70.89.

A number of other equities research analysts have also recently weighed in on TCOM. Sanford C. Bernstein upped their price objective on Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Trip.com Group in a report on Wednesday, October 8th. Barclays lifted their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Finally, Mizuho increased their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.16.

Hedge Funds Weigh In On Trip.com Group

Hedge funds have recently made changes to their positions in the company. First Horizon Corp acquired a new stake in Trip.com Group during the 3rd quarter worth about $27,000. Stone House Investment Management LLC acquired a new position in shares of Trip.com Group in the first quarter valued at about $32,000. NewEdge Advisors LLC raised its stake in shares of Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Trip.com Group by 44.2% during the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in Trip.com Group by 67.2% in the second quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock valued at $50,000 after buying an additional 342 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Trading Up 3.2%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $47.81 billion and a price-to-earnings ratio of 20.11. The company’s fifty day moving average is $73.02 and its two-hundred day moving average is $66.43.

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.