Trip.com Group (NASDAQ:TCOM - Free Report) had its target price decreased by JPMorgan Chase & Co. from $80.00 to $75.00 in a research report report published on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.
Several other equities research analysts have also weighed in on the company. Macquarie increased their target price on Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. StockNews.com cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Mizuho boosted 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 note on Tuesday, November 12th. TD Cowen raised their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Finally, Citigroup boosted their price objective on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $77.08.
View Our Latest Research Report on Trip.com Group
Trip.com Group Stock Performance
Shares of NASDAQ:TCOM traded up $1.13 during trading on Thursday, hitting $57.81. 4,783,790 shares of the company traded hands, compared to its average volume of 3,822,556. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The business's fifty day moving average is $67.09 and its 200-day moving average is $62.10. The stock has a market capitalization of $37.23 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 0.67 and a beta of 0.37. Trip.com Group has a one year low of $38.23 and a one year high of $77.18.
Trip.com Group Dividend Announcement
The company also recently declared a -- dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group's payout ratio is currently 8.60%.
Institutional Trading of Trip.com Group
A number of hedge funds and other institutional investors have recently modified their holdings of TCOM. Brooklyn Investment Group acquired a new position in Trip.com Group during the fourth quarter worth about $25,000. National Bank of Canada FI boosted its position in shares of Trip.com Group by 227.7% during the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after purchasing an additional 321 shares in the last quarter. Rakuten Securities Inc. grew its stake in shares of Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after purchasing an additional 449 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of 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 in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Trip.com Group by 443.5% during the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after purchasing an additional 510 shares during the last quarter. Institutional investors own 35.41% of the company's stock.
Trip.com Group Company Profile
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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.
Further Reading
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