Trip.com Group (NASDAQ:TCOM) Stock Price Up 2.9% Following Analyst Upgrade

by · The Cerbat Gem

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM – Get Free Report) shot up 2.9% during mid-day trading on Tuesday after Benchmark raised their price target on the stock from $80.00 to $82.00. Benchmark currently has a buy rating on the stock. Trip.com Group traded as high as $73.50 and last traded at $72.9540. 444,288 shares were traded during trading, a decline of 86% from the average session volume of 3,143,004 shares. The stock had previously closed at $70.89.

A number of other equities research analysts have also recently weighed in on TCOM. Sanford C. Bernstein upped their price objective on Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Trip.com Group in a report on Wednesday, October 8th. Barclays lifted their price objective on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Finally, Mizuho increased their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.16.

Check Out Our Latest Research Report on TCOM

Hedge Funds Weigh In On Trip.com Group

Hedge funds have recently made changes to their positions in the company. First Horizon Corp acquired a new stake in Trip.com Group during the 3rd quarter worth about $27,000. Stone House Investment Management LLC acquired a new position in shares of Trip.com Group in the first quarter valued at about $32,000. NewEdge Advisors LLC raised its stake 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 purchasing an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Trip.com Group by 44.2% during the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in Trip.com Group by 67.2% in the second quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock valued at $50,000 after buying an additional 342 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Trading Up 3.2%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $47.81 billion and a price-to-earnings ratio of 20.11. The company’s fifty day moving average is $73.02 and its two-hundred day moving average is $66.43.

About Trip.com Group

(Get Free Report)

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.

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