Sanford C. Bernstein Initiates Coverage on Trip.com Group (NASDAQ:TCOM)

Investment analysts at Sanford C. Bernstein started coverage on shares of Trip.com Group (NASDAQ:TCOM - Get Free Report) in a report released on Monday, Marketbeat.com reports. The brokerage set an "outperform" rating and a $85.00 price target on the stock. Sanford C. Bernstein's price objective suggests a potential upside of 26.41% from the company's previous close.

A number of other equities research analysts have also weighed in on TCOM. Hsbc Global Res lowered Trip.com Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 8th. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Tuesday, August 13th. Citigroup lifted their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. HSBC cut shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Finally, TD Cowen decreased their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a "buy" rating on the stock in a research report on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $66.89.

Trip.com Group Price Performance

Shares of Trip.com Group stock traded up $2.05 during trading on Monday, hitting $67.24. 3,156,808 shares of the stock traded hands, compared to its average volume of 4,073,453. The stock has a market cap of $43.31 billion, a price-to-earnings ratio of 23.81 and a beta of 0.39. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.15. Trip.com Group has a 52 week low of $31.55 and a 52 week high of $69.67. The firm's fifty day moving average is $55.67 and its 200-day moving average is $51.05.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The business had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. Research analysts expect that Trip.com Group will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. AIA Group Ltd boosted its position in shares of Trip.com Group by 22.7% in the 1st quarter. AIA Group Ltd now owns 110,994 shares of the company's stock worth $4,872,000 after purchasing an additional 20,545 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Trip.com Group by 58.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 80,829 shares of the company's stock valued at $3,548,000 after acquiring an additional 29,829 shares in the last quarter. OPTIMAS CAPITAL Ltd purchased a new position in shares of Trip.com Group in the 1st quarter worth about $4,516,000. Atlas Capital Advisors LLC boosted its stake in Trip.com Group by 115.7% in the 2nd quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company's stock worth $171,000 after purchasing an additional 1,946 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in Trip.com Group during the 1st quarter valued at about $740,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.