Trip.com Group (NASDAQ:TCOM) Given New $64.00 Price Target at CLSA

Trip.com Group (NASDAQ:TCOMFree Report) had its price objective upped by CLSA from $55.00 to $64.00 in a research note released on Monday, Benzinga reports. The firm currently has a buy rating on the stock.

TCOM has been the subject of several other research reports. StockNews.com upgraded Trip.com Group from a hold rating to a buy rating in a report on Friday, February 23rd. Mizuho boosted their price target on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a buy rating in a research report on Thursday, February 22nd. HSBC increased their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the company a buy rating in a research report on Friday, April 12th. UBS Group upped their target price on shares of Trip.com Group from $48.00 to $52.00 and gave the company a buy rating in a research report on Thursday, February 22nd. Finally, Barclays raised their price target on Trip.com Group from $56.00 to $60.00 and gave the stock an overweight rating in a research report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $54.70.

Check Out Our Latest Analysis on TCOM

Trip.com Group Price Performance

TCOM stock opened at $54.90 on Monday. The company has a market capitalization of $35.36 billion, a PE ratio of 26.52 and a beta of 0.52. The company’s fifty day moving average price is $47.77 and its 200-day moving average price is $40.62. Trip.com Group has a one year low of $30.70 and a one year high of $54.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.23.

Trip.com Group (NASDAQ:TCOMGet Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 EPS 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 net margin of 22.43% and a return on equity of 9.35%. On average, equities analysts anticipate that Trip.com Group will post 2.54 EPS 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 business. Nordea Investment Management AB increased its position in Trip.com Group by 1,628.6% during the 4th quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock valued at $42,368,000 after buying an additional 1,109,727 shares in the last quarter. AIA Group Ltd increased its stake in Trip.com Group by 43.1% during the 4th quarter. AIA Group Ltd now owns 90,449 shares of the company’s stock valued at $3,257,000 after purchasing an additional 27,236 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Trip.com Group by 137.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company’s stock valued at $1,284,000 after acquiring an additional 20,654 shares during the period. ANTIPODES PARTNERS Ltd raised its stake in shares of Trip.com Group by 112.3% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company’s stock worth $6,769,000 after purchasing an additional 99,460 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Trip.com Group by 2.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,172,916 shares of the company’s stock worth $145,927,000 after buying an additional 81,201 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

About Trip.com Group

(Get Free Report)

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.

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Analyst Recommendations for Trip.com Group (NASDAQ:TCOM)

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