Trip.com Group (NASDAQ:TCOM) Trading Up 4.3% - Should You Buy?

Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) traded up 4.3% on Monday . The company traded as high as $72.65 and last traded at $73.16. 482,897 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 2,259,194 shares. The stock had previously closed at $70.17.

Analysts Set New Price Targets

Several brokerages recently issued reports on TCOM. Barclays boosted their price target on Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Mizuho raised their price target on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. TD Cowen boosted their price target on Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Macquarie increased their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Finally, HSBC upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 target price for the company in a research report on Tuesday, November 19th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $74.78.

Trip.com Group Price Performance

The business's 50-day simple moving average is $69.10 and its two-hundred day simple moving average is $59.16. The stock has a market cap of $44.14 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 0.71 and a beta of 0.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Institutional Investors Weigh In On Trip.com Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of Trip.com Group during the fourth quarter valued at about $25,000. Principal Securities Inc. raised its holdings in Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after buying an additional 169 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Trip.com Group during the 3rd quarter worth approximately $38,000. SBI Securities Co. Ltd. acquired a new position in Trip.com Group in the 4th quarter valued at approximately $94,000. Finally, Empowered Funds LLC bought a new position in shares of Trip.com Group during the fourth quarter valued at $136,000. Institutional investors 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.