Bank of America Increases Trip.com Group (NASDAQ:TCOM) Price Target to $85.00

Trip.com Group (NASDAQ:TCOM) had its price objective upped by investment analysts at Bank of America from $83.00 to $85.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Bank of America‘s price objective points to a potential upside of 17.32% from the company’s previous close.

TCOM has been the topic of several other research reports. Mizuho boosted their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Barclays lifted their price objective on Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings upgraded Trip.com Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Sanford C. Bernstein lifted their target price on Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Trip.com Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

Trip.com Group Stock Up 0.0%

Shares of NASDAQ TCOM opened at $72.45 on Thursday. The company’s 50 day moving average price is $73.02 and its 200-day moving average price is $66.56. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. Trip.com Group has a 52-week low of $51.35 and a 52-week high of $78.65. The company has a market capitalization of $47.33 billion and a P/E ratio of 19.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors lifted its holdings in shares of Trip.com Group by 5.3% in the 3rd quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock worth $2,849,066,000 after purchasing an additional 1,912,238 shares in the last quarter. ARGA Investment Management LP increased its stake in Trip.com Group by 41.2% during the 2nd quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock valued at $354,426,000 after purchasing an additional 1,763,562 shares in the last quarter. Davis Selected Advisers raised its holdings in Trip.com Group by 29.8% during the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock worth $309,189,000 after buying an additional 1,115,836 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Trip.com Group by 220,646.1% in the first quarter. National Bank of Canada FI now owns 1,019,847 shares of the company’s stock valued at $64,842,000 after buying an additional 1,019,385 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in shares of Trip.com Group by 41.4% in the first quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock valued at $189,428,000 after buying an additional 872,630 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

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.