Trip.com Group (NASDAQ:TCOM) Given New $72.00 Price Target at JPMorgan Chase & Co.

Trip.com Group (NASDAQ:TCOM) had its price target dropped by analysts at JPMorgan Chase & Co. from $75.00 to $72.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 58.28% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Citigroup cut their target price on Trip.com Group from $82.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. Zacks Research lowered Trip.com Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Jefferies Financial Group reissued a “buy” rating and set a $63.00 price target on shares of Trip.com Group in a report on Tuesday. Barclays dropped their price objective on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, June 26th. Finally, Weiss Ratings lowered Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $63.92.

Trip.com Group Price Performance

Shares of Trip.com Group stock traded up $0.72 on Tuesday, reaching $45.49. 1,221,038 shares of the stock were exchanged, compared to its average volume of 3,502,320. The firm’s 50 day moving average is $44.81 and its 200-day moving average is $51.84. Trip.com Group has a one year low of $38.04 and a one year high of $78.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market cap of $29.55 billion, a PE ratio of 7.13, a P/E/G ratio of 3.34 and a beta of -0.03.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 EPS. As a group, analysts anticipate that Trip.com Group will post 3.27 EPS for the current fiscal year.

Institutional Trading of Trip.com Group

Hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. grew its stake in shares of Trip.com Group by 237.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock worth $29,000 after buying an additional 280 shares during the last quarter. First Horizon Corp increased its holdings in shares of Trip.com Group by 69.3% during the first quarter. First Horizon Corp now owns 611 shares of the company’s stock worth $30,000 after buying an additional 250 shares in the last quarter. TD Private Client Wealth LLC bought a new position in shares of Trip.com Group in the 4th quarter valued at $31,000. NewEdge Advisors LLC lifted its stake in shares of Trip.com Group by 384.6% in 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. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Trip.com Group during the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

About Trip.com Group

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.