Trip.com Group (NASDAQ:TCOM) Given New $90.00 Price Target at Barclays

Trip.com Group (NASDAQ:TCOM) had its target price lifted by Barclays from $85.00 to $90.00 in a report issued on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also commented on the stock. Sanford C. Bernstein lifted their price target on shares of Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Benchmark lifted their target price on Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Research cut Trip.com Group from a “strong-buy” rating to a “hold” rating in a 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. Finally, Mizuho upped 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. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.38.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $72.45 on Wednesday. The company has a market cap of $47.33 billion and a P/E ratio of 19.85. Trip.com Group has a twelve month low of $51.35 and a twelve month high of $78.65. The company’s 50-day moving average price is $73.02 and its 200-day moving average price is $66.56. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07.

Institutional Trading of Trip.com Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TCOM. First Horizon Corp purchased a new stake in shares of Trip.com Group in the third quarter valued at about $27,000. Stone House Investment Management LLC acquired a new position in Trip.com Group in the 1st quarter valued at about $32,000. NewEdge Advisors LLC raised its stake in Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after acquiring an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after acquiring an additional 215 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in Trip.com Group by 601.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after acquiring an additional 475 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Company Profile

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.