Trip.com Group (NASDAQ:TCOM) Upgraded at HSBC

HSBC upgraded shares of Trip.com Group (NASDAQ:TCOM) from a hold rating to a buy rating in a research note issued to investors on Tuesday, MarketBeat reports. The firm currently has $75.00 price target on the stock.

A number of other research firms also recently commented on TCOM. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Citigroup increased their price target on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. TD Cowen reduced their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Mizuho increased their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Macquarie raised shares of Trip.com Group to a “strong-buy” rating in a research report on Monday, October 7th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $74.18.

Trip.com Group Stock Up 0.7 %

Trip.com Group stock opened at $65.24 on Tuesday. The firm has a market capitalization of $42.02 billion, a P/E ratio of 19.53 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 has a twelve month low of $32.42 and a twelve month high of $69.67. The stock’s fifty day simple moving average is $60.64 and its 200-day simple moving average is $52.46.

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

Institutional Trading of Trip.com Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital World Investors lifted its stake in shares of Trip.com Group by 27.5% in the first quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock valued at $2,149,366,000 after purchasing an additional 10,576,028 shares during the period. 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 in the last quarter. Sanders Capital LLC raised its holdings in shares of Trip.com Group by 34.7% in the third 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 last quarter. Aspex Management HK Ltd purchased a new stake in shares of Trip.com Group in the third quarter valued at $128,962,000. Finally, Wellington Management Group LLP boosted its stake in shares of Trip.com Group by 557.8% during the third quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock valued at $134,493,000 after acquiring an additional 1,919,006 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Company Profile

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.