Trip.com Group (NASDAQ:TCOM) Price Target Lowered to $68.00 at TD Cowen

Trip.com Group (NASDAQ:TCOM) had its price objective decreased by TD Cowen from $73.00 to $68.00 in a research report sent to investors on Thursday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other equities research analysts also recently issued reports on TCOM. Barclays boosted their price objective on shares of Trip.com Group from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 19th. Benchmark lowered their target price on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley reaffirmed an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research note on Thursday. Zacks Research cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Trip.com Group in a report on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Trip.com Group has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $52.27 on Thursday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $34.15 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 3.79 and a beta of -0.14. The firm’s 50 day moving average price is $64.20 and its 200-day moving average price is $68.68. Trip.com Group has a twelve month low of $51.35 and a twelve month high of $78.99.

Hedge Funds Weigh In On Trip.com Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Horizon Corp purchased a new position in Trip.com Group during the third quarter valued at $27,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Trip.com Group by 237.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in shares of Trip.com Group during the fourth quarter valued at about $31,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Trip.com Group by 601.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after purchasing an additional 475 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after buying an additional 450 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

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.