Trip.com Group (NASDAQ:TCOM) Given Buy Rating at Benchmark

Trip.com Group (NASDAQ:TCOM)‘s stock had its “buy” rating reaffirmed by analysts at Benchmark in a report released on Tuesday,Benzinga reports. They presently have a $80.00 price target on the stock. Benchmark’s price objective points to a potential upside of 28.51% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Mizuho upgraded Trip.com Group to a “strong-buy” rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. reduced their price target on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Finally, StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 26th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $77.25.

Trip.com Group Stock Down 1.8%

Shares of Trip.com Group stock opened at $62.25 on Tuesday. The business has a 50-day moving average price of $60.40 and a 200 day moving average price of $64.55. Trip.com Group has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The firm has a market cap of $40.67 billion, a P/E ratio of 18.64, a P/E/G ratio of 0.67 and a beta of 0.08. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

Institutional Investors Weigh In On Trip.com Group

A number of hedge funds have recently made changes to their positions in the business. WT Asset Management Ltd raised its stake in Trip.com Group by 92.3% during the 4th quarter. WT Asset Management Ltd now owns 44,416 shares of the company’s stock valued at $3,050,000 after acquiring an additional 21,316 shares in the last quarter. BOCHK Asset Management Ltd raised its stake in shares of Trip.com Group by 85.7% during the fourth quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company’s stock valued at $893,000 after purchasing an additional 6,000 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Trip.com Group in the fourth quarter worth about $4,192,000. Capital Advisory Group Advisory Services LLC bought a new position in Trip.com Group in the 4th quarter valued at about $381,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Trip.com Group during the 4th quarter valued at about $8,297,000. 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.