StockNews.com Upgrades Trip.com Group (NASDAQ:TCOM) to “Buy”

Trip.com Group (NASDAQ:TCOM) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Several other analysts also recently commented on the stock. Citigroup increased their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. cut their price target on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Finally, Benchmark restated a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Trading Down 1.3 %

Trip.com Group stock opened at $54.85 on Friday. Trip.com Group has a 12 month low of $38.23 and a 12 month high of $77.18. The company has a market capitalization of $35.33 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. The business’s fifty day simple moving average is $61.28 and its two-hundred day simple moving average is $64.82. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TCOM. FMR LLC grew its stake in shares of Trip.com Group by 125.5% during the 4th quarter. FMR LLC now owns 25,088,658 shares of the company’s stock valued at $1,722,587,000 after purchasing an additional 13,964,875 shares during the period. Schroder Investment Management Group grew its position in Trip.com Group by 2.1% during the fourth quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company’s stock valued at $700,115,000 after buying an additional 213,381 shares during the period. Sanders Capital LLC increased its holdings in Trip.com Group by 1.4% during the fourth quarter. Sanders Capital LLC now owns 9,697,846 shares of the company’s stock valued at $665,854,000 after buying an additional 131,443 shares during the last quarter. FIL Ltd increased its holdings in Trip.com Group by 8.8% during the fourth quarter. FIL Ltd now owns 8,453,025 shares of the company’s stock valued at $580,385,000 after buying an additional 684,364 shares during the last quarter. Finally, Capital International Investors raised its position in Trip.com Group by 0.7% in the fourth quarter. Capital International Investors now owns 8,079,203 shares of the company’s stock worth $554,717,000 after acquiring an additional 53,784 shares during the period. Institutional investors own 35.41% of the company’s stock.

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.