Trip.com Group (NASDAQ:TCOM) Stock Price Up 4.3% – Time to Buy?

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TCOM shares. TD Cowen lifted their target price on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Benchmark reissued a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, January 14th. Sanford C. Bernstein began coverage on Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 target price for the company. Finally, Citigroup boosted their price objective 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. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $74.78.

Trip.com Group Stock Performance

The business’s fifty day moving average price is $69.00 and its 200-day moving average price is $59.09. The stock has a market capitalization of $45.90 billion, a PE ratio of 21.34, a P/E/G 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 Inflows and Outflows

Several large investors have recently bought and sold shares of TCOM. Brooklyn Investment Group purchased a new position in Trip.com Group during the fourth quarter worth about $25,000. Principal Securities Inc. grew its holdings in shares of Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after purchasing an additional 169 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Trip.com Group in the third quarter worth approximately $38,000. Empowered Funds LLC purchased a new stake in Trip.com Group in the fourth quarter valued at approximately $136,000. Finally, CWM LLC lifted its position in 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 during the last quarter. 35.41% of the stock is 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.