Trip.com Group (NASDAQ:TCOM) was raised to Strong-Buy by Macquarie

Macquarie updated the shares of Trip.com Group (NASDAQ:TCOM – Free Report) to a strong-buy rating in a research report on Monday, Zacks.com reports.

Several other analysts have also weighed in on TCOM. Benchmark restated a buy rating and set a $72.00 target price on shares of Trip.com Group in a research report on Tuesday, August 27th. StockNews.com lowered shares of Trip.com Group from a buy rating to a hold rating in a research note on Tuesday, August 13th. TD Cowen decreased their price target on shares of Trip.com Group from $63.00 to $56.00 and set a buy rating on the stock in a research note on Tuesday, August 27th. Finally, HSBC downgraded shares of Trip.com Group from a buy rating to a hold rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $62.50.

Read our latest review on Trip.com Group

Trip.com Group Stocks Up 1.5%

TCOM opened at $62.39 on Monday. Trip.com Group has a 52-week low of $31.55 and a 52-week high of $69.67. The company has a quick ratio of 1.32, a current ratio of 1.32, and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $48.27 and a two hundred day simple moving average of $49.16. The company has a market cap of $40.18 billion, a PE ratio of 28.10 and a beta of 0.41.

Trip.com Group (NASDAQ:TCOM – Get Your Free Report ) last posted its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.80 billion. analysts forecast that Trip.com Group will post 2.88 earnings per share for the current fiscal year.

Trip.com Group Institutional Trading

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCOM. AIA Group Ltd boosted its holdings in shares of Trip.com Group by 22.7% in the first quarter. AIA Group Ltd now owns 110,994 shares of the company’s stock valued at $4,872,000 after buying an additional 20,545 shares during the period. BI Asset Management Fondsmaeglerselskab AS boosted its position in Trip.com Group by 58.5% in the first quarter. BI Asset Management Fondsmaeglerselskab AS now owns 80,829 shares of the company’s stock worth $3,548,000 after purchasing an additional 29,829 shares in the last quarter. Van ECK Associates Corp purchased a new stake in shares of Trip.com Group in the 1st quarter worth about $3,000,000. OPTIMAS CAPITAL Ltd purchased a new position in shares of Trip.com Group in the first quarter valued at about $4,516,000. Finally, Atlas Capital Advisors LLC raised its stake in shares of Trip.com Group by 115.7% in the second quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock valued at $171,000 after buying an additional 1,946 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s shares.

Trip.com Group Company Profile

(Get a free report)

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservations, transportation tickets, package and destination tours, corporate travel management and other travel-related services in China and internationally. The company acts as an agent for hotel transactions and air ticket sales, as well as providing train, long-distance bus and ferry tickets; travel insurance products such as cover for flight delay, air accidents and lost baggage; and flight ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracking and airport VIP services.

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