Trip.com Group (NASDAQ:TCOM) Receives Buy Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of Trip.com Group (NASDAQ:TCOM) in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a $80.00 target price on the stock.

TCOM has been the subject of a number of other research reports. Mizuho increased their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Citigroup increased their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. TD Cowen boosted their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Trip.com Group currently has an average rating of “Buy” and an average price target of $74.78.

Trip.com Group Trading Up 1.1 %

Shares of TCOM stock opened at $64.40 on Tuesday. Trip.com Group has a 1-year low of $34.42 and a 1-year high of $77.18. 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 stock has a market cap of $41.48 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.09 and a beta of 0.38. The stock has a 50-day moving average of $67.36 and a 200-day moving average of $56.88.

Institutional Trading of Trip.com Group

Several large investors have recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in Trip.com Group in the third quarter worth approximately $38,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after purchasing an additional 489 shares during the period. CWM LLC raised its position 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 worth $138,000 after purchasing an additional 220 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Trip.com Group by 101.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock worth $189,000 after purchasing an additional 1,595 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in Trip.com Group in the 3rd quarter valued at $224,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

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.