Citigroup Boosts Trip.com Group (NASDAQ:TCOM) Price Target to $72.00

Trip.com Group (NASDAQ:TCOM) had its price target upped by Citigroup from $66.00 to $72.00 in a report issued on Thursday, Benzinga reports. Citigroup currently has a buy rating on the stock.

TCOM has been the topic of a number of other research reports. HSBC cut Trip.com Group from a buy rating to a hold rating in a research report on Tuesday, October 8th. Hsbc Global Res lowered Trip.com Group from a strong-buy rating to a hold rating in a report on Tuesday, October 8th. Benchmark reissued a buy rating and set a $72.00 price target on shares of Trip.com Group in a report on Tuesday, August 27th. TD Cowen lowered their price target on Trip.com Group from $63.00 to $56.00 and set a buy rating on the stock in a report on Tuesday, August 27th. Finally, StockNews.com lowered Trip.com Group from a buy rating to a hold rating in a report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $64.63.

Trip.com Group Stock Up 1.9 %

TCOM opened at $65.03 on Thursday. The business’s 50-day simple moving average is $49.64 and its 200-day simple moving average is $49.53. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. Trip.com Group has a one year low of $31.55 and a one year high of $69.67. The stock has a market capitalization of $41.89 billion, a P/E ratio of 22.74 and a beta of 0.41.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Analysts anticipate that Trip.com Group will post 2.93 EPS for the current year.

Institutional Investors Weigh In On Trip.com Group

A number of institutional investors have recently added to or reduced their stakes in the business. Creative Planning boosted its holdings in Trip.com Group by 1.7% in the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after purchasing an additional 423 shares in the last quarter. CWM LLC boosted its holdings in Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after purchasing an additional 220 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Trip.com Group by 1,917.9% in the 3rd quarter. SG Americas Securities LLC now owns 351,081 shares of the company’s stock valued at $20,865,000 after purchasing an additional 333,683 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Trip.com Group during the 2nd quarter worth approximately $9,795,000. Finally, Shellback Capital LP purchased a new stake in shares of Trip.com Group during the 2nd quarter worth approximately $1,175,000. Hedge funds and other 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.