Trip.com Group (NASDAQ:TCOM) Given New $64.00 Price Target at Citigroup

Trip.com Group (NASDAQ:TCOMFree Report) had its price target cut by Citigroup from $82.00 to $64.00 in a report released on Thursday,MarketScreener reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. TD Cowen reduced their target price on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Nomura decreased their price target on shares of Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a research note on Friday. Barclays restated an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research note on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.03.

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Trip.com Group Price Performance

Shares of Trip.com Group stock opened at $39.40 on Thursday. The stock has a market capitalization of $25.59 billion, a P/E ratio of 6.13, a PEG ratio of 3.21 and a beta of -0.07. The business has a 50 day simple moving average of $49.57 and a two-hundred day simple moving average of $56.49. Trip.com Group has a 12 month low of $38.04 and a 12 month high of $78.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55.

Trip.com Group (NASDAQ:TCOMGet Free Report) last issued its quarterly earnings results on Saturday, February 14th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). Trip.com Group had a return on equity of 17.77% and a net margin of 48.26%.The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. The business’s revenue was up 21% on a year-over-year basis. As a group, analysts predict that Trip.com Group will post 3.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Temasek Holdings Private Ltd increased its holdings in shares of Trip.com Group by 40.5% during the 3rd quarter. Temasek Holdings Private Ltd now owns 1,340,202 shares of the company’s stock worth $100,783,000 after buying an additional 386,333 shares during the last quarter. Sanders Capital LLC lifted its holdings in Trip.com Group by 7.2% in the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock valued at $742,088,000 after acquiring an additional 662,230 shares during the last quarter. XY Capital Ltd grew its position in Trip.com Group by 136.3% in the third quarter. XY Capital Ltd now owns 60,000 shares of the company’s stock worth $4,512,000 after acquiring an additional 34,610 shares during the period. TT International Asset Management LTD acquired a new stake in Trip.com Group during the fourth quarter worth $3,247,000. Finally, Robeco Institutional Asset Management B.V. raised its position in Trip.com Group by 10.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,022,009 shares of the company’s stock valued at $73,493,000 after purchasing an additional 97,866 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Trip.com Group

Here are the key news stories impacting Trip.com Group this week:

About Trip.com Group

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Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.

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Analyst Recommendations for Trip.com Group (NASDAQ:TCOM)

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