Trip.com Group (NASDAQ:TCOM) Rating Increased to Buy at HSBC

Trip.com Group (NASDAQ:TCOM) was upgraded by investment analysts at HSBC from a “hold” rating to a “buy” rating in a research note issued on Tuesday,Briefing.com Automated Import reports.

TCOM has been the subject of a number of other reports. Benchmark boosted their target price on shares of Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday. 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 note on Tuesday, November 12th. Macquarie upgraded shares of Trip.com Group to a “strong-buy” rating in a report on Monday, October 7th. Hsbc Global Res lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.22.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $61.32 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. The company has a market cap of $39.50 billion, a P/E ratio of 21.44 and a beta of 0.39. Trip.com Group has a 52 week low of $31.55 and a 52 week high of $69.67. The company has a 50-day moving average price of $59.61 and a 200 day moving average price of $52.22.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital World Investors boosted its stake in Trip.com Group by 27.5% in the first quarter. Capital World Investors now owns 48,971,654 shares of the company’s stock worth $2,149,366,000 after buying an additional 10,576,028 shares in the last quarter. FMR LLC grew its stake in Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after purchasing an additional 2,749,365 shares during the period. Sanders Capital LLC grew its stake 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. Capital International Investors boosted its position in shares of Trip.com Group by 0.4% during the first quarter. Capital International Investors now owns 7,941,645 shares of the company’s stock valued at $348,559,000 after buying an additional 29,768 shares during the last quarter. Finally, ARGA Investment Management LP lifted its holdings in Trip.com Group by 46.9% in the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after acquiring an additional 1,884,044 shares during the period. 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.