TD Securities Increases Trip.com Group (NASDAQ:TCOM) Price Target to $73.00

Trip.com Group (NASDAQ:TCOM) had its price objective boosted by investment analysts at TD Securities from $67.00 to $73.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 17.27% from the stock’s current price.

A number of other research firms also recently weighed in on TCOM. JPMorgan Chase & Co. lowered their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Mizuho raised shares of Trip.com Group to a “strong-buy” rating in a research report on Friday, May 2nd. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. Finally, Benchmark restated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $77.25.

Trip.com Group Trading Down 1.8%

Shares of TCOM stock opened at $62.25 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group has a 12-month low of $38.23 and a 12-month high of $77.18. The stock has a market capitalization of $40.67 billion, a P/E ratio of 18.64, a P/E/G ratio of 0.67 and a beta of 0.08. The firm’s 50 day moving average is $60.40 and its 200 day moving average is $64.55.

Institutional Trading of Trip.com Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brooklyn Investment Group bought a new position in Trip.com Group in the 4th quarter worth $25,000. National Bank of Canada FI lifted its position in shares of Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after acquiring an additional 321 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of Trip.com Group in the first quarter valued at about $32,000. Rakuten Securities Inc. boosted its stake in shares of Trip.com Group by 1,496.7% in the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after acquiring an additional 449 shares during the period. Finally, Principal Securities Inc. grew its position in shares of Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after purchasing an additional 169 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.