Trip.com Group (NASDAQ:TCOM) Upgraded at Zacks Research

Zacks Research upgraded shares of Trip.com Group (NASDAQ:TCOM) from a hold rating to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

A number of other equities research analysts also recently commented on the stock. Bank of America lifted their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Sanford C. Bernstein increased their target price on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Benchmark reiterated a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, May 20th. Barclays boosted their target price on shares of Trip.com Group from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Finally, Mizuho increased their price target on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Trip.com Group presently has a consensus rating of “Buy” and an average target price of $76.98.

Trip.com Group Price Performance

NASDAQ TCOM opened at $72.79 on Thursday. The stock has a 50-day moving average of $63.65 and a 200 day moving average of $61.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $47.55 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 3.00 and a beta of 0.03. Trip.com Group has a one year low of $46.20 and a one year high of $77.18.

Hedge Funds Weigh In On Trip.com Group

Several large investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in Trip.com Group by 4.1% during the 1st quarter. Principal Financial Group Inc. now owns 257,077 shares of the company’s stock worth $16,345,000 after purchasing an additional 10,124 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Trip.com Group in the 1st quarter valued at $690,000. Cerity Partners LLC raised its position in shares of Trip.com Group by 57.8% in the 1st quarter. Cerity Partners LLC now owns 21,657 shares of the company’s stock worth $1,377,000 after acquiring an additional 7,929 shares in the last quarter. Baird Financial Group Inc. bought a new position in shares of Trip.com Group in the 4th quarter worth $382,000. Finally, LPL Financial LLC boosted its position in Trip.com Group by 219.7% during the first quarter. LPL Financial LLC now owns 44,706 shares of the company’s stock valued at $2,842,000 after purchasing an additional 30,723 shares in the last quarter. 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.