Benchmark Reiterates Buy Rating for Trip.com Group (NASDAQ:TCOM)

Trip.com Group (NASDAQ:TCOM)‘s stock had its “buy” rating restated by stock analysts at Benchmark in a report issued on Tuesday,Benzinga reports. They presently have a $80.00 target price on the stock. Benchmark’s price target suggests a potential upside of 23.04% from the company’s previous close.

Several other research firms have also recently commented on TCOM. TD Cowen lifted their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Tuesday, November 19th. Barclays raised their target price on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Citigroup boosted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Mizuho raised their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Eleven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $74.78.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $65.02 on Tuesday. Trip.com Group has a one year low of $34.42 and a one year high of $77.18. The company has a market cap of $41.88 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.09 and a beta of 0.38. The firm has a 50-day moving average of $67.36 and a 200-day moving average of $56.88. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Hedge Funds Weigh In On Trip.com Group

Several large investors have recently modified their holdings of TCOM. FMR LLC grew its position in shares of Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after purchasing an additional 2,749,365 shares in the last quarter. Sanders Capital LLC increased its holdings in shares of Trip.com Group by 34.7% in the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after purchasing an additional 2,462,767 shares during the period. ARGA Investment Management LP raised its position in shares of Trip.com Group by 46.9% in the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after buying an additional 1,884,044 shares in the last quarter. Cantillon Capital Management LLC raised its position in shares of Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock worth $289,328,000 after buying an additional 629,508 shares in the last quarter. Finally, CoreView Capital Management Ltd boosted its stake in Trip.com Group by 15.8% during the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock valued at $277,905,000 after buying an additional 639,000 shares during the period. 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.