Barclays Forecasts Strong Price Appreciation for Trip.com Group (NASDAQ:TCOM) Stock

Trip.com Group (NASDAQ:TCOM) had its price objective raised by Barclays from $76.00 to $84.00 in a report released on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other analysts also recently issued reports about the stock. Benchmark lifted their price objective on shares of Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Tuesday, November 19th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Macquarie lifted their target price on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Hsbc Global Res cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Eleven equities research 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.com, the stock presently has a consensus rating of “Buy” and an average price target of $74.18.

Trip.com Group Price Performance

TCOM stock opened at $63.64 on Wednesday. The stock has a 50-day moving average price of $60.97 and a two-hundred day moving average price of $52.53. Trip.com Group has a 1 year low of $32.42 and a 1 year high of $69.67. The stock has a market cap of $40.99 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.10 and a beta of 0.39. The company has a current ratio of 1.42, a quick ratio of 1.32 and a debt-to-equity ratio of 0.14.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 12.04% and a net margin of 31.86%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Equities analysts forecast that Trip.com Group will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in shares of Trip.com Group by 20.5% during the 3rd quarter. Geode Capital Management LLC now owns 317,894 shares of the company’s stock worth $18,892,000 after buying an additional 54,072 shares during the last quarter. M&T Bank Corp acquired a new stake in Trip.com Group during the third quarter worth approximately $224,000. MML Investors Services LLC lifted its position in Trip.com Group by 12.3% during the third quarter. MML Investors Services LLC now owns 14,126 shares of the company’s stock worth $839,000 after acquiring an additional 1,546 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of Trip.com Group by 53.8% during the third quarter. XTX Topco Ltd now owns 16,612 shares of the company’s stock worth $987,000 after acquiring an additional 5,813 shares during the period. Finally, CoreView Capital Management Ltd grew its position in shares of Trip.com Group by 15.8% in the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock valued at $277,905,000 after purchasing an additional 639,000 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

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.