Trip.com Group (NASDAQ:TCOM) Price Target Raised to $55.00 at Citigroup

Trip.com Group (NASDAQ:TCOM) had its price target upped by Citigroup from $53.00 to $55.00 in a report released on Monday, Benzinga reports. They currently have a buy rating on the stock.

TCOM has been the topic of a number of other reports. StockNews.com upgraded Trip.com Group from a hold rating to a buy rating in a report on Friday, February 23rd. Barclays upped their price objective on Trip.com Group from $56.00 to $60.00 and gave the company an overweight rating in a report on Thursday, February 22nd. UBS Group upped 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. Finally, Mizuho upped their price objective on Trip.com Group from $55.00 to $60.00 and gave the company a buy rating in a report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $52.88.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $46.96 on Monday. Trip.com Group has a 12 month low of $30.70 and a 12 month high of $47.64. The stock has a 50 day moving average of $41.90 and a two-hundred day moving average of $37.28. The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16. The firm has a market cap of $30.34 billion, a P/E ratio of 22.69 and a beta of 0.56.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.29. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. On average, analysts expect that Trip.com Group will post 2.54 earnings per share for the current fiscal year.

Institutional Trading of Trip.com Group

Large investors have recently modified their holdings of the stock. First Horizon Advisors Inc. purchased a new stake in shares of Trip.com Group during the first quarter worth $27,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Trip.com Group by 90.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock worth $34,000 after acquiring an additional 452 shares during the period. Captrust Financial Advisors purchased a new stake in shares of Trip.com Group during the second quarter worth $38,000. Atlas Capital Advisors LLC purchased a new stake in shares of Trip.com Group during the first quarter worth $55,000. Finally, Advisors Asset Management Inc. increased its position in shares of Trip.com Group by 81.0% during the third quarter. Advisors Asset Management Inc. now owns 1,680 shares of the company’s stock worth $59,000 after acquiring an additional 752 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

About Trip.com Group

Trip.com Group Limited 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.