Mizuho Raises Trip.com Group (NASDAQ:TCOM) Price Target to $78.00

Trip.com Group (NASDAQ:TCOM) had its price objective lifted by Mizuho from $65.00 to $78.00 in a report released on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

TCOM has been the topic of a number of other reports. HSBC lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Sanford C. Bernstein began coverage on shares of Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective for the company. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Macquarie upgraded Trip.com Group to a “strong-buy” rating in a research note on Monday, October 7th. Finally, Hsbc Global Res downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Trip.com Group has an average rating of “Moderate Buy” and a consensus price target of $68.33.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $59.49 on Tuesday. The stock has a market capitalization of $38.32 billion, a price-to-earnings ratio of 20.80 and a beta of 0.39. Trip.com Group has a fifty-two week low of $31.55 and a fifty-two week high of $69.67. The business has a 50-day moving average of $59.33 and a 200-day moving average of $52.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. As a group, sell-side analysts predict that Trip.com Group will post 2.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its position in Trip.com Group by 10.4% in the third quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after buying an additional 220 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Trip.com Group by 2.6% in the second quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock valued at $647,000 after purchasing an additional 344 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Trip.com Group by 0.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company’s stock worth $1,908,000 after purchasing an additional 375 shares in the last quarter. Creative Planning boosted its stake in Trip.com Group by 1.7% in the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock worth $1,523,000 after purchasing an additional 423 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Trip.com Group by 4.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock worth $500,000 after acquiring an additional 431 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

About Trip.com Group

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.