Trip.com Group (NASDAQ:TCOM) Stock Price Expected to Rise, Macquarie Analyst Says

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

A number of other brokerages have also commented on TCOM. Hsbc Global Res lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Tuesday. Sanford C. Bernstein initiated coverage on Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective for the company. Citigroup boosted their target price on Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $74.18.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $63.64 on Wednesday. The company has a 50 day moving average of $60.97 and a 200-day moving average of $52.53. Trip.com Group has a 1-year low of $32.42 and a 1-year high of $69.67. The firm has a market cap of $40.99 billion, a price-to-earnings ratio of 19.05 and a beta of 0.39. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15.

Trip.com Group (NASDAQ:TCOM) last announced its 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 for the quarter, compared to analysts’ expectations of $1.80 billion. Trip.com Group had a return on equity of 12.40% and a net margin of 31.86%. On average, equities analysts forecast that Trip.com Group will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Trip.com Group

Large investors have recently added to or reduced their stakes in the company. FMR LLC increased its position in Trip.com Group by 32.8% during the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after buying an additional 2,749,365 shares during the last quarter. Sanders Capital LLC boosted its stake in shares of Trip.com Group by 34.7% during the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after acquiring an additional 2,462,767 shares during the period. Aspex Management HK Ltd bought a new position in shares of Trip.com Group during the 3rd quarter worth approximately $128,962,000. Wellington Management Group LLP increased its holdings in shares of Trip.com Group by 557.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock worth $134,493,000 after acquiring an additional 1,919,006 shares during the last quarter. Finally, ARGA Investment Management LP raised its stake in Trip.com Group by 46.9% in the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after acquiring an additional 1,884,044 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

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.