Trip.com Group (NASDAQ:TCOM) Reaches New 12-Month High – Should You Buy?

Trip.com Group Limited (NASDAQ:TCOM) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $74.70 and last traded at $74.70, with a volume of 156613 shares traded. The stock had previously closed at $69.07.

Analyst Upgrades and Downgrades

TCOM has been the topic of several research analyst reports. Mizuho raised their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Benchmark raised their price target on Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Barclays lifted their target price on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. TD Cowen lifted their target price on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Macquarie lifted their target price on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Trip.com Group presently has an average rating of “Buy” and a consensus target price of $74.18.

Trip.com Group Trading Up 8.2 %

The company has a 50 day moving average of $63.94 and a 200 day moving average of $53.24. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market cap of $48.11 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.04 and a beta of 0.39.

Hedge Funds Weigh In On Trip.com Group

Several large investors have recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after acquiring an additional 220 shares during the period. QRG Capital Management Inc. increased its holdings in 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 during the last quarter. Creative Planning increased its holdings in Trip.com Group by 1.7% in the third quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after purchasing an additional 423 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Trip.com Group by 4.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after purchasing an additional 431 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after purchasing an additional 489 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

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.