Benchmark Issues Positive Forecast for Trip.com Group (NASDAQ:TCOM) Stock Price

Trip.com Group (NASDAQ:TCOM) had its price objective upped by Benchmark from $80.00 to $82.00 in a report released on Tuesday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Sanford C. Bernstein raised their price objective on Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Barclays lifted their price objective on Trip.com Group from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Mizuho increased their target price on Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Trip.com Group in a report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $78.09.

Trip.com Group Trading Up 2.2%

Shares of TCOM stock opened at $72.44 on Tuesday. Trip.com Group has a twelve month low of $51.35 and a twelve month high of $78.65. The company has a market capitalization of $47.32 billion and a price-to-earnings ratio of 19.85. The firm has a 50-day moving average price of $73.02 and a 200 day moving average price of $66.52. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07.

Institutional Trading of Trip.com Group

A number of institutional investors have recently modified their holdings of TCOM. Capital World Investors increased its holdings in Trip.com Group by 5.3% in the 3rd quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock valued at $2,849,066,000 after purchasing an additional 1,912,238 shares in the last quarter. ARGA Investment Management LP boosted its position in shares of Trip.com Group by 41.2% in the second quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock worth $354,426,000 after buying an additional 1,763,562 shares during the period. Davis Selected Advisers grew its stake in shares of Trip.com Group by 29.8% in the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock valued at $309,189,000 after buying an additional 1,115,836 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Trip.com Group by 220,646.1% during the 1st quarter. National Bank of Canada FI now owns 1,019,847 shares of the company’s stock valued at $64,842,000 after buying an additional 1,019,385 shares during the period. Finally, Voya Investment Management LLC lifted its position in Trip.com Group by 41.4% during the 1st quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock worth $189,428,000 after acquiring an additional 872,630 shares in the last quarter. Hedge funds and other 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.