Trip.com Group (NASDAQ:TCOM) Price Target Raised to $80.80

Trip.com Group (NASDAQ:TCOM) had its price objective boosted by Macquarie from $75.40 to $80.80 in a research note issued to investors on Wednesday,Benzinga reports. Macquarie currently has an outperform rating on the stock.

A number of other equities analysts also recently weighed in on the company. Benchmark upped their target price on Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday. TD Cowen upped their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday. Sanford C. Bernstein started coverage on shares of Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 target price for the company. Citigroup upped their price target on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Trip.com Group has a consensus rating of “Buy” and a consensus target price of $74.18.

Trip.com Group Trading Down 2.3 %

Trip.com Group stock opened at $63.64 on Wednesday. Trip.com Group has a 52 week low of $32.42 and a 52 week high of $69.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $40.99 billion, a price-to-earnings ratio of 19.05 and a beta of 0.39. The company has a 50 day moving average price of $60.97 and a 200 day moving average price of $52.53.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a return on equity of 12.40% and a net margin of 31.86%. Research analysts forecast that Trip.com Group will post 2.93 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Trip.com Group by 0.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock valued at $1,908,000 after purchasing an additional 375 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Trip.com Group by 10.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 33,512 shares of the company’s stock worth $1,471,000 after acquiring an additional 3,196 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Trip.com Group by 4.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 237,368 shares of the company’s stock worth $10,434,000 after acquiring an additional 10,689 shares during the last quarter. Natixis boosted its holdings in Trip.com Group by 50.9% during the first quarter. Natixis now owns 28,960 shares of the company’s stock valued at $1,271,000 after acquiring an additional 9,763 shares during the period. Finally, Advisors Asset Management Inc. grew its position in shares of Trip.com Group by 29.5% in the first quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company’s stock valued at $118,000 after purchasing an additional 613 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

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.