Citigroup Increases Trip.com Group (NASDAQ:TCOM) Price Target to $78.00

Trip.com Group (NASDAQ:TCOM - Get Free Report) had its price objective upped by research analysts at Citigroup from $73.00 to $78.00 in a report issued on Friday, Marketbeat.com reports. The firm currently has a "buy" rating on the stock. Citigroup's price target points to a potential upside of 15.38% from the stock's current price.

Several other research firms also recently commented on TCOM. TD Cowen boosted their price objective on 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 upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a report on Wednesday, November 20th. Mizuho lifted their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Barclays upped their target price on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. Finally, Sanford C. Bernstein started coverage on Trip.com Group in a research note on Monday, November 4th. They set an "outperform" rating and a $85.00 price target for the company. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $74.78.

Trip.com Group Stock Up 4.4 %

Shares of NASDAQ TCOM traded up $2.83 during trading on Friday, hitting $67.60. 3,102,204 shares of the company traded hands, compared to its average volume of 3,135,152. The firm has a market capitalization of $43.54 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 1.10 and a beta of 0.38. The business's fifty day moving average is $67.43 and its 200 day moving average is $55.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. Trip.com Group has a fifty-two week low of $34.42 and a fifty-two week high of $77.18.

Institutional Trading of Trip.com Group

A number of hedge funds have recently bought and sold shares of the business. FMR LLC grew its position in shares of Trip.com Group by 32.8% during the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company's stock valued at $661,086,000 after acquiring an additional 2,749,365 shares during the period. Sanders Capital LLC raised its stake in Trip.com Group by 34.7% in the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company's stock valued at $568,531,000 after acquiring an additional 2,462,767 shares during the period. Aspex Management HK Ltd purchased a new stake in Trip.com Group during the third quarter valued at about $128,962,000. Wellington Management Group LLP boosted its position in Trip.com Group by 557.8% during the third quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company's stock worth $134,493,000 after purchasing an additional 1,919,006 shares during the period. Finally, ARGA Investment Management LP increased its stake 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 purchasing an additional 1,884,044 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors.

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.