Trip.com Group (NASDAQ:TCOM) Trading 4.3% Higher – Time to Buy?

Trip.com Group Limited (NASDAQ:TCOM) shares traded up 4.3% during mid-day trading on Monday . The stock traded as high as $72.65 and last traded at $73.16. 482,897 shares changed hands during trading, a decline of 79% from the average session volume of 2,259,194 shares. The stock had previously closed at $70.17.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Sanford C. Bernstein assumed coverage on Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price target for the company. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Barclays increased their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Citigroup lifted their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, TD Cowen lifted their price target on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $74.78.

Trip.com Group Stock Performance

The business has a fifty day simple moving average of $68.68 and a two-hundred day simple moving average of $58.72. The company has a market cap of $46.80 billion, a P/E ratio of 21.75, a P/E/G ratio of 0.71 and a beta of 0.37. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

Hedge Funds Weigh In On Trip.com Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brooklyn Investment Group bought a new position in Trip.com Group in the fourth quarter worth approximately $25,000. Principal Securities Inc. raised its holdings in Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after purchasing an additional 169 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in Trip.com Group during the third quarter valued at $38,000. Empowered Funds LLC bought a new position in shares of Trip.com Group in the fourth quarter worth about $136,000. Finally, CWM LLC lifted its position in shares of Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after buying an additional 220 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.