Macquarie Issues Positive Forecast for Trip.com Group (NASDAQ:TCOM) Stock Price

Trip.com Group (NASDAQ:TCOM - Get Free Report) had its price target hoisted by equities research analysts at Macquarie from $75.40 to $80.80 in a report issued on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Macquarie's price target would suggest a potential upside of 24.71% from the stock's previous close.

Several other brokerages have also commented on TCOM. Benchmark lifted their price objective on Trip.com Group from $72.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday. Mizuho increased their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. TD Cowen boosted their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a research report on Tuesday. HSBC upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research report on Tuesday. Finally, Sanford C. Bernstein started coverage on Trip.com Group in a research note on Monday, November 4th. They issued an "outperform" rating and a $85.00 price objective for the company. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.18.

Trip.com Group Stock Performance

Shares of Trip.com Group stock traded up $2.05 during trading on Wednesday, hitting $64.79. 4,488,373 shares of the company's stock traded hands, compared to its average volume of 4,046,274. Trip.com Group has a 1 year low of $31.55 and a 1 year high of $69.67. The business has a 50-day simple moving average of $59.93 and a 200-day simple moving average of $52.28. The stock has a market capitalization of $41.73 billion, a P/E ratio of 18.78 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 released its quarterly earnings data on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.80 billion. As a group, analysts forecast that Trip.com Group will post 2.93 EPS for the current year.

Institutional Trading of Trip.com Group

A number of institutional investors and hedge funds have recently bought and sold shares of TCOM. CWM LLC grew its position in shares of Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company's stock valued at $138,000 after purchasing an additional 220 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Trip.com Group by 2.6% in the second 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 in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in Trip.com Group by 0.9% in the first 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 during the last quarter. Creative Planning raised its stake in Trip.com Group by 1.7% during the third quarter. Creative Planning now owns 25,622 shares of the company's stock valued at $1,523,000 after purchasing an additional 423 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Trip.com Group by 4.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company's stock worth $500,000 after buying an additional 431 shares in the last quarter. 35.41% of the stock is currently 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.