Trip.com Group (NASDAQ:TCOM) Earns Buy Rating from Benchmark

Trip.com Group (NASDAQ:TCOM)‘s stock had its “buy” rating reaffirmed by stock analysts at Benchmark in a research report issued on Wednesday, Benzinga reports. They currently have a $55.00 target price on the stock. Benchmark’s price target points to a potential upside of 12.89% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on TCOM. Barclays boosted their target price on shares of Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. UBS Group increased their price objective on Trip.com Group from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Mizuho raised their target price on Trip.com Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, HSBC raised their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.67.

Trip.com Group Trading Up 1.0 %

Shares of Trip.com Group stock opened at $48.72 on Wednesday. The stock has a market capitalization of $31.48 billion, a P/E ratio of 23.54 and a beta of 0.56. Trip.com Group has a 52-week low of $30.70 and a 52-week high of $50.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.23. The stock’s 50-day simple moving average is $44.84 and its 200 day simple moving average is $38.45.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.29. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. As a group, research analysts anticipate that Trip.com Group will post 2.54 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TCOM. Capital World Investors grew its position in shares of Trip.com Group by 40.4% during the 4th quarter. Capital World Investors now owns 38,395,626 shares of the company’s stock valued at $1,382,592,000 after purchasing an additional 11,039,672 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Trip.com Group by 3,752.1% during the 4th quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock valued at $356,006,000 after purchasing an additional 9,629,673 shares in the last quarter. Norges Bank purchased a new position in Trip.com Group in the fourth quarter worth $213,195,000. Select Equity Group L.P. purchased a new position in Trip.com Group in the first quarter worth $168,290,000. Finally, BlackRock Inc. grew its position in Trip.com Group by 18.1% in the first quarter. BlackRock Inc. now owns 25,456,730 shares of the company’s stock worth $588,559,000 after acquiring an additional 3,893,531 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Company Profile

Trip.com Group Limited 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.