Benchmark Reaffirms “Buy” Rating for Trip.com Group (NASDAQ:TCOM)

Benchmark reissued their buy rating on shares of Trip.com Group (NASDAQ:TCOM) in a research report report published on Wednesday morning, Benzinga reports. Benchmark currently has a $72.00 target price on the stock.

Other equities research analysts also recently issued research reports about the company. Mizuho raised their target price on Trip.com Group from $60.00 to $65.00 and gave the company a buy rating in a report on Tuesday, May 21st. HSBC raised their price objective on Trip.com Group from $50.00 to $60.00 and gave the company a buy rating in a report on Friday, April 12th. CLSA raised their price objective on Trip.com Group from $55.00 to $64.00 and gave the company a buy rating in a report on Monday, May 13th. Barclays raised their price objective on Trip.com Group from $60.00 to $76.00 and gave the company an overweight rating in a report on Wednesday, May 22nd. Finally, UBS Group raised their price objective on Trip.com Group from $48.00 to $52.00 and gave the company a buy rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $61.89.

Trip.com Group Trading Down 0.8 %

Shares of TCOM stock opened at $50.27 on Wednesday. The stock’s fifty day moving average price is $51.59 and its two-hundred day moving average price is $43.63. The company has a market cap of $32.38 billion, a PE ratio of 22.64 and a beta of 0.44. Trip.com Group has a fifty-two week low of $31.55 and a fifty-two week high of $58.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.15 and a current ratio of 1.15.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Monday, May 20th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.21. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. Equities analysts predict that Trip.com Group will post 2.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TCOM. Benjamin F. Edwards & Company Inc. raised its position in shares of Trip.com Group by 90.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock worth $34,000 after acquiring an additional 452 shares in the last quarter. Clarity Asset Management Inc. bought a new position in shares of Trip.com Group in the 4th quarter worth about $66,000. Atlas Capital Advisors LLC bought a new position in shares of Trip.com Group in the 1st quarter worth about $74,000. Advisors Asset Management Inc. raised its position in shares of Trip.com Group by 29.5% in the 1st quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company’s stock worth $118,000 after acquiring an additional 613 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Trip.com Group by 14.5% in the 4th quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock worth $122,000 after acquiring an additional 430 shares in the last quarter. 35.41% of the stock is 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.