Trip.com Group (NASDAQ:TCOM) Price Target Cut to $72.00 by Analysts at Benchmark

Trip.com Group (NASDAQ:TCOM) had its price target trimmed by Benchmark from $82.00 to $72.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the stock. Bank of America lifted their target price on shares of Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th. Citigroup boosted their price objective on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Barclays lifted their price target on Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 19th. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Trip.com Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $52.27 on Thursday. Trip.com Group has a fifty-two week low of $51.35 and a fifty-two week high of $78.99. The company has a market cap of $34.15 billion, a PE ratio of 7.80, a P/E/G ratio of 3.79 and a beta of -0.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. The business has a 50-day simple moving average of $64.20 and a two-hundred day simple moving average of $68.68.

Institutional Investors Weigh In On Trip.com Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors lifted its holdings in shares of 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 buying an additional 1,912,238 shares during the period. Sanders Capital LLC grew its holdings in Trip.com Group by 7.2% during the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after acquiring an additional 662,230 shares during the period. Capital International Investors raised its position in Trip.com Group by 0.6% during the third quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock valued at $479,742,000 after acquiring an additional 37,916 shares in the last quarter. Davis Selected Advisers lifted its holdings in Trip.com Group by 2.3% in the fourth quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock valued at $363,389,000 after acquiring an additional 111,944 shares during the period. Finally, Cantillon Capital Management LLC boosted its position in Trip.com Group by 1.4% in the 4th quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock worth $335,804,000 after purchasing an additional 63,637 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

About Trip.com Group

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.