Trip.com Group (NASDAQ:TCOM) Reaches New 1-Year High After Analyst Upgrade

Trip.com Group Limited (NASDAQ:TCOMGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday after Citigroup raised their price target on the stock from $53.00 to $55.00. Citigroup currently has a buy rating on the stock. Trip.com Group traded as high as $48.83 and last traded at $48.68, with a volume of 1347636 shares traded. The stock had previously closed at $46.96.

A number of other research analysts also recently issued reports on TCOM. UBS Group increased their price objective on Trip.com Group from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Barclays increased their price objective on Trip.com Group from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Mizuho raised their price target on Trip.com Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $52.88.

Get Our Latest Stock Analysis on Trip.com Group

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TCOM. Dodge & Cox boosted its stake in shares of Trip.com Group by 27.2% during the 4th quarter. Dodge & Cox now owns 30,400 shares of the company’s stock worth $1,095,000 after acquiring an additional 6,500 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Trip.com Group by 4.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,826 shares of the company’s stock worth $714,000 after acquiring an additional 900 shares during the period. DRW Securities LLC boosted its stake in shares of Trip.com Group by 145.7% during the 4th quarter. DRW Securities LLC now owns 18,839 shares of the company’s stock worth $678,000 after acquiring an additional 11,173 shares during the period. Clarity Asset Management Inc. bought a new position in shares of Trip.com Group during the 4th quarter worth approximately $66,000. Finally, Legal & General Group Plc boosted its stake in shares of Trip.com Group by 24.7% during the 4th quarter. Legal & General Group Plc now owns 4,419,163 shares of the company’s stock worth $159,156,000 after acquiring an additional 875,614 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Price Performance

The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average price of $42.15 and a 200 day moving average price of $37.37. The company has a market capitalization of $31.60 billion, a P/E ratio of 23.63 and a beta of 0.56.

Trip.com Group (NASDAQ:TCOMGet Free Report) last issued its 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. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. On average, equities analysts predict that Trip.com Group Limited will post 2.54 EPS for the current fiscal year.

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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