Trip.com Group (NASDAQ:TCOM) Price Target Lowered to $75.00 at JPMorgan Chase & Co.

Trip.com Group (NASDAQ:TCOM) had its target price cut by JPMorgan Chase & Co. from $80.00 to $75.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages also recently weighed in on TCOM. Barclays boosted their target price on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday. TD Cowen upped their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Sanford C. Bernstein began coverage on shares of Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective for the company. Finally, Citigroup upped their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $77.08.

Trip.com Group Trading Down 2.4 %

Shares of TCOM stock opened at $57.20 on Thursday. The firm has a 50-day moving average price of $67.71 and a 200 day moving average price of $61.61. Trip.com Group has a twelve month low of $38.23 and a twelve month high of $77.18. The company has a market capitalization of $36.84 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 0.67 and a beta of 0.37. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Hedge Funds Weigh In On Trip.com Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James & Associates boosted its stake in shares of Trip.com Group by 9.1% during the 3rd quarter. Raymond James & Associates now owns 40,998 shares of the company’s stock valued at $2,437,000 after buying an additional 3,425 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Trip.com Group by 79.2% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 33,062 shares of the company’s stock valued at $1,965,000 after buying an additional 14,612 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Trip.com Group by 155.1% during the 3rd quarter. New York State Common Retirement Fund now owns 1,145,863 shares of the company’s stock valued at $68,099,000 after buying an additional 696,766 shares during the last quarter. WT Asset Management Ltd acquired a new stake in shares of Trip.com Group during the 3rd quarter valued at approximately $1,373,000. Finally, Van ECK Associates Corp raised its position in shares of Trip.com Group by 27.7% during the 3rd quarter. Van ECK Associates Corp now owns 142,745 shares of the company’s stock valued at $8,770,000 after acquiring an additional 30,988 shares in the last quarter. Hedge funds and other institutional investors 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.