Trip.com Group (NASDAQ:TCOM – Free Report) had its price objective reduced by TD Cowen from $63.00 to $56.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.
A number of other research firms have also weighed in on TCOM. StockNews.com lowered Trip.com Group from a buy rating to a hold rating in a report on Tuesday, August 13th. Mizuho lifted 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. CLSA lifted their target price 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 lifted their target price 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, Benchmark reiterated a buy rating and set a $72.00 price target on shares of Trip.com Group in a research report on Tuesday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Trip.com Group currently has an average rating of Moderate Buy and an average price target of $62.50.
Read Our Latest Stock Analysis on Trip.com Group
Trip.com Group Stock Up 8.6 %
Institutional Trading of Trip.com Group
Hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its position in 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 buying an additional 452 shares during the last quarter. Fifth Third Bancorp lifted its position in Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after buying an additional 986 shares during the last quarter. Hilltop National Bank lifted its position in Trip.com Group by 322.1% in the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after buying an additional 876 shares during the last quarter. Clarity Asset Management Inc. bought a new stake in Trip.com Group in the 4th quarter worth approximately $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Trip.com Group in the 2nd quarter worth approximately $66,000. Institutional investors 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.
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