Trip.com Group (NASDAQ:TCOM) Receives Buy Rating from Benchmark

Benchmark reissued their buy rating on shares of Trip.com Group (NASDAQ:TCOM - Free Report) in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a $80.00 target price on the stock.

TCOM has been the subject of a number of other reports. Macquarie raised their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Barclays boosted their target price on shares of Trip.com Group from $76.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. Citigroup increased their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research report on Friday, January 3rd. Sanford C. Bernstein began coverage on Trip.com Group in a research note on Monday, November 4th. They issued an "outperform" rating and a $85.00 target price on the stock. Finally, Hsbc Global Res upgraded Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $74.78.

Trip.com Group Stock Performance

Trip.com Group stock traded up $0.69 during trading hours on Tuesday, hitting $64.40. 1,951,311 shares of the stock traded hands, compared to its average volume of 2,744,064. The firm's 50 day moving average price is $67.44 and its 200-day moving average price is $56.76. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $41.48 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 1.09 and a beta of 0.38. Trip.com Group has a 1 year low of $34.42 and a 1 year high of $77.18.

Hedge Funds Weigh In On Trip.com Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headwater Capital Co Ltd purchased a new stake in shares of Trip.com Group during the fourth quarter worth $13,732,000. Principal Financial Group Inc. grew its stake in Trip.com Group by 139.9% during the 3rd quarter. Principal Financial Group Inc. now owns 131,407 shares of the company's stock valued at $7,810,000 after acquiring an additional 76,624 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in Trip.com Group in the 3rd quarter worth approximately $1,227,000. Franklin Resources Inc. boosted its holdings in shares of Trip.com Group by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 526,420 shares of the company's stock worth $33,501,000 after purchasing an additional 17,416 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Trip.com Group during the 3rd quarter worth approximately $385,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.