Trip.com Group (NASDAQ:TCOM) Reaches New 12-Month High at $52.55

Trip.com Group Limited (NASDAQ:TCOM)’s stock price reached a new 52-week high on Friday . The stock traded as high as $52.55 and last traded at $52.41, with a volume of 1329407 shares. The stock had previously closed at $50.94.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TCOM. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Benchmark reissued a “buy” rating and issued a $55.00 target price on shares of Trip.com Group in a research report on Wednesday, April 17th. Mizuho raised 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 upped their target price on Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Finally, Citigroup lifted their price target on Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.67.

Trip.com Group Stock Performance

The company has a fifty day moving average of $46.67 and a two-hundred day moving average of $39.69. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.23. The company has a market cap of $34.44 billion, a price-to-earnings ratio of 25.75 and a beta of 0.52.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Equities research analysts anticipate that Trip.com Group Limited will post 2.54 EPS for the current year.

Institutional Investors Weigh In On Trip.com Group

Institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. grew its position in shares of Trip.com Group by 90.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock valued at $34,000 after buying an additional 452 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Trip.com Group in the third quarter worth approximately $66,000. Clarity Asset Management Inc. bought a new stake in Trip.com Group in the fourth quarter valued at approximately $66,000. Atlas Capital Advisors LLC acquired a new stake in Trip.com Group during the 1st quarter valued at approximately $74,000. Finally, Parallel Advisors LLC raised its holdings in Trip.com Group by 14.5% during the 4th quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock worth $122,000 after purchasing an additional 430 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

About Trip.com Group

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.