Trip.com Group (NASDAQ:TCOM) Raised to Strong-Buy at Hsbc Global Res

Trip.com Group (NASDAQ:TCOM) was upgraded by investment analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Tuesday. Citigroup increased their target price on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Mizuho lifted their price target on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Macquarie boosted their price target on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Benchmark raised their price objective on Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.18.

Trip.com Group Stock Up 3.3 %

Trip.com Group stock opened at $64.79 on Tuesday. Trip.com Group has a 12 month low of $31.55 and a 12 month high of $69.67. The stock has a market capitalization of $41.73 billion, a PE ratio of 19.40 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32. The business has a 50 day simple moving average of $60.28 and a 200-day simple moving average of $52.37.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.65 by $0.22. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. On average, analysts anticipate that Trip.com Group will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Trip.com Group

Institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC lifted its holdings in Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after acquiring an additional 2,749,365 shares during the last quarter. Sanders Capital LLC lifted its stake in shares of Trip.com Group by 34.7% in the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after purchasing an additional 2,462,767 shares during the last quarter. ARGA Investment Management LP grew its holdings in shares of 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 worth $350,602,000 after purchasing an additional 1,884,044 shares during the period. Cantillon Capital Management LLC increased its position in shares of Trip.com Group by 14.9% during the 3rd quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock worth $289,328,000 after purchasing an additional 629,508 shares during the last quarter. Finally, CoreView Capital Management Ltd raised its holdings in Trip.com Group by 15.8% in the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock valued at $277,905,000 after buying an additional 639,000 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

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.