Trip.com Group (NASDAQ:TCOM) Rating Increased to Buy at HSBC

Trip.com Group (NASDAQ:TCOM - Get Free Report) was upgraded by stock analysts at HSBC from a "hold" rating to a "buy" rating in a note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a $75.00 target price on the stock. HSBC's target price suggests a potential upside of 19.52% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. Citigroup raised their target price on Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Hsbc Global Res cut Trip.com Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 8th. TD Cowen dropped their target price on shares of Trip.com Group from $63.00 to $56.00 and set a "buy" rating for the company in a report on Tuesday, August 27th. Sanford C. Bernstein started coverage on Trip.com Group in a report on Monday, November 4th. They set an "outperform" rating and a $85.00 price objective on the stock. Finally, Mizuho upped their price target on Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Trip.com Group has an average rating of "Moderate Buy" and a consensus price target of $72.56.

Trip.com Group Stock Performance

Trip.com Group stock traded up $1.43 during midday trading on Tuesday, hitting $62.75. The company's stock had a trading volume of 4,416,416 shares, compared to its average volume of 4,038,411. Trip.com Group has a 1-year low of $31.55 and a 1-year high of $69.67. The company has a 50-day moving average price of $59.61 and a two-hundred day moving average price of $52.22. The company has a market cap of $40.42 billion, a price-to-earnings ratio of 18.57 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32.

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, topping analysts' consensus estimates 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. As a group, sell-side analysts predict that Trip.com Group will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TCOM. CWM LLC raised its holdings in Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company's stock valued at $138,000 after acquiring an additional 220 shares during the period. QRG Capital Management Inc. raised its stake in shares of Trip.com Group by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 13,772 shares of the company's stock valued at $647,000 after purchasing an additional 344 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Trip.com Group by 0.9% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 40,632 shares of the company's stock worth $1,908,000 after purchasing an additional 375 shares in the last quarter. Creative Planning boosted its stake in Trip.com Group by 1.7% in the 3rd quarter. Creative Planning now owns 25,622 shares of the company's stock worth $1,523,000 after purchasing an additional 423 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in Trip.com Group by 4.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company's stock valued at $500,000 after buying an additional 431 shares in the last quarter. 35.41% of the stock is owned by 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.