Trip.com Group (NASDAQ:TCOM) Given Buy Rating at Benchmark

Benchmark restated their buy rating on shares of Trip.com Group (NASDAQ:TCOM) in a report published on Tuesday,Benzinga reports. The brokerage currently has a $80.00 price target on the stock.

A number of other equities analysts have also recently commented on the company. Mizuho raised Trip.com Group to a “strong-buy” rating in a report on Friday, May 2nd. JPMorgan Chase & Co. reduced their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. Finally, StockNews.com cut Trip.com Group from a “buy” rating to a “hold” rating in a report on Saturday, April 26th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $77.98.

Trip.com Group Price Performance

Shares of Trip.com Group stock opened at $63.38 on Tuesday. The business has a 50 day simple moving average of $60.40 and a two-hundred day simple moving average of $64.56. Trip.com Group has a 12 month low of $38.23 and a 12 month high of $77.18. The stock has a market capitalization of $41.40 billion, a P/E ratio of 18.98, a PEG ratio of 0.67 and a beta of 0.08. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Trip.com Group Announces Dividend

The business also recently declared a — dividend, which was paid on Friday, April 4th. Stockholders of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is presently 8.02%.

Institutional Investors Weigh In On Trip.com Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TCOM. FMR LLC increased its stake in Trip.com Group by 125.5% during the fourth quarter. FMR LLC now owns 25,088,658 shares of the company’s stock worth $1,722,587,000 after acquiring an additional 13,964,875 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Trip.com Group by 1,609.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company’s stock worth $821,514,000 after acquiring an additional 12,165,176 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Trip.com Group by 1,925.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company’s stock worth $205,057,000 after acquiring an additional 2,839,142 shares during the last quarter. Wellington Management Group LLP increased its stake in Trip.com Group by 92.9% during the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock worth $299,700,000 after acquiring an additional 2,101,937 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in Trip.com Group by 751.8% during the fourth quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company’s stock worth $144,649,000 after acquiring an additional 1,859,401 shares during the last quarter. Institutional investors and hedge funds 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.