Mizuho Boosts Trip.com Group (NASDAQ:TCOM) Price Target to $78.00

Trip.com Group (NASDAQ:TCOM - Get Free Report) had its price objective lifted by equities research analysts at Mizuho from $65.00 to $78.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's price target suggests a potential upside of 21.84% from the company's current price.

A number of other analysts also recently commented on TCOM. Citigroup upped their target price on Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Macquarie raised Trip.com Group to a "strong-buy" rating in a research note on Monday, October 7th. HSBC lowered Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Benchmark restated a "buy" rating and set a $72.00 price target on shares of Trip.com Group in a research report on Tuesday, August 27th. Finally, Sanford C. Bernstein began coverage on shares of Trip.com Group in a research report on Monday, November 4th. They set an "outperform" rating and a $85.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $68.33.

Trip.com Group Stock Performance

NASDAQ TCOM traded down $2.66 during trading hours on Tuesday, hitting $64.02. The company had a trading volume of 2,795,491 shares, compared to its average volume of 4,046,465. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The business has a 50 day moving average of $58.22 and a 200-day moving average of $51.80. Trip.com Group has a 1-year low of $31.55 and a 1-year high of $69.67. The company has a market cap of $41.23 billion, a PE ratio of 23.31 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last announced its earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.80 billion. As a group, equities research analysts expect that Trip.com Group will post 2.93 EPS for the current year.

Institutional Trading of Trip.com Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital World Investors boosted its holdings in shares of Trip.com Group by 27.5% during the 1st quarter. Capital World Investors now owns 48,971,654 shares of the company's stock worth $2,149,366,000 after buying an additional 10,576,028 shares during the period. Capital International Investors raised its holdings in Trip.com Group by 0.4% in the 1st quarter. Capital International Investors now owns 7,941,645 shares of the company's stock valued at $348,559,000 after buying an additional 29,768 shares during the last quarter. Cantillon Capital Management LLC increased its holdings in Trip.com Group by 14.9% in the 3rd quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company's stock worth $289,328,000 after acquiring an additional 629,508 shares during the last quarter. Kontiki Capital Management HK Ltd. lifted its holdings in shares of Trip.com Group by 1.9% during the first quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company's stock valued at $198,549,000 after purchasing an additional 83,200 shares in the last quarter. Finally, Ninety One UK Ltd lifted its stake in shares of Trip.com Group by 1.3% during the 2nd quarter. Ninety One UK Ltd now owns 2,748,579 shares of the company's stock worth $129,183,000 after acquiring an additional 36,122 shares during the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

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.