Trip.com Group (NASDAQ:TCOM) Receives “Buy” Rating from Benchmark

Benchmark reiterated their buy rating on shares of Trip.com Group (NASDAQ:TCOM) in a report issued on Wednesday morning, Benzinga reports. Benchmark currently has a $55.00 target price on the stock.

A number of other equities analysts also recently issued reports on the stock. Barclays raised their price objective on shares of Trip.com Group from $56.00 to $60.00 and gave the stock an overweight rating in a report on Thursday, February 22nd. Mizuho raised their price objective on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a buy rating in a report on Thursday, February 22nd. HSBC raised their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the stock a buy rating in a report on Friday, April 12th. UBS Group raised their price objective on shares of Trip.com Group from $48.00 to $52.00 and gave the stock a buy rating in a report on Thursday, February 22nd. Finally, Citigroup raised their price objective on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a buy rating in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Trip.com Group presently has a consensus rating of Moderate Buy and an average price target of $53.67.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM opened at $48.26 on Wednesday. The firm’s 50-day moving average price is $44.65 and its 200-day moving average price is $38.38. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. The company has a market cap of $31.18 billion, a PE ratio of 23.31 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.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.29. The firm had revenue of $1.45 billion for 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, analysts anticipate that Trip.com Group will post 2.54 EPS for the current year.

Institutional Investors Weigh In On Trip.com Group

Several institutional investors and hedge funds have recently modified their holdings of TCOM. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Trip.com Group by 136.0% during 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 buying an additional 172,253 shares during the last quarter. Advisor Group Holdings Inc. raised 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 valued at $152,000 after buying an additional 1,068 shares during the last quarter. American Century Companies Inc. raised 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 valued at $2,367,000 after buying an additional 51,896 shares during the last quarter. Natixis Advisors L.P. raised 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 valued at $632,000 after buying an additional 2,312 shares during the last quarter. Finally, BlackRock Inc. raised 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 valued at $588,559,000 after buying an additional 3,893,531 shares during 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.