Benchmark Reaffirms “Buy” Rating for Trip.com Group (NASDAQ:TCOM)

Benchmark restated their buy rating on shares of Trip.com Group (NASDAQ:TCOM) in a research report report published on Wednesday, Benzinga reports. The firm currently has a $55.00 price target on the stock.

A number of other equities research analysts also recently weighed in on the stock. HSBC boosted their price target on shares of Trip.com Group from $50.00 to $60.00 and gave the stock a buy rating in a research note on Friday, April 12th. Barclays boosted their price target on shares of Trip.com Group from $56.00 to $60.00 and gave the stock an overweight rating in a research note on Thursday, February 22nd. UBS Group boosted their price target on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. StockNews.com raised shares of Trip.com Group from a hold rating to a buy rating in a research note on Friday, February 23rd. Finally, Mizuho boosted their price target on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a buy rating in a research note on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $53.67.

Trip.com Group Price Performance

Shares of TCOM stock opened at $48.00 on Wednesday. Trip.com Group has a 1 year low of $30.70 and a 1 year high of $50.63. The firm’s 50 day moving average is $45.01 and its 200-day moving average is $38.54. The firm has a market capitalization of $31.01 billion, a price-to-earnings ratio of 23.19 and a beta of 0.56. The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16.

Trip.com Group (NASDAQ:TCOM) last announced its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.29. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Sell-side analysts forecast that Trip.com Group will post 2.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

Several large investors have recently bought and sold shares of TCOM. E Fund Management Hong Kong Co. Ltd. increased its stake in Trip.com Group by 136.0% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 298,950 shares of the company’s stock valued at $6,424,000 after purchasing an additional 172,253 shares in the last quarter. Advisor Group Holdings Inc. increased its position in shares of Trip.com Group by 19.7% during the first quarter. Advisor Group Holdings Inc. now owns 6,496 shares of the company’s stock worth $152,000 after acquiring an additional 1,068 shares in the last quarter. American Century Companies Inc. increased its position in shares of Trip.com Group by 102.8% during the first quarter. American Century Companies Inc. now owns 102,370 shares of the company’s stock worth $2,367,000 after acquiring an additional 51,896 shares in the last quarter. Natixis Advisors L.P. increased its position in shares of Trip.com Group by 9.2% during the first quarter. Natixis Advisors L.P. now owns 27,367 shares of the company’s stock worth $632,000 after acquiring an additional 2,312 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Trip.com Group by 18.1% during 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. Institutional investors own 35.41% of the company’s stock.

About Trip.com Group

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.