Trip.com Group Limited (NASDAQ:TCOM – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $72.81, but opened at $74.74. Trip.com Group shares last traded at $74.72, with a volume of 626,307 shares trading hands.
Wall Street Analysts Forecast Growth
TCOM has been the topic of several research reports. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein initiated coverage on shares of Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target on the stock. Barclays lifted their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Citigroup increased their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, TD Cowen boosted their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $74.18.
Read Our Latest Stock Report on Trip.com Group
Trip.com Group Price Performance
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. CWM LLC boosted its stake in shares of Trip.com Group by 13.5% in the second quarter. CWM LLC now owns 2,107 shares of the company’s stock valued at $99,000 after buying an additional 251 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Trip.com Group during the 2nd quarter worth $818,000. Blue Trust Inc. grew its stake in shares of Trip.com Group by 35.8% during the 2nd quarter. Blue Trust Inc. now owns 4,601 shares of the company’s stock worth $202,000 after purchasing an additional 1,212 shares during the period. Raymond James & Associates increased its holdings in shares of Trip.com Group by 16.5% in the 2nd quarter. Raymond James & Associates now owns 37,573 shares of the company’s stock valued at $1,766,000 after purchasing an additional 5,324 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its holdings in shares of Trip.com Group by 4.1% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 47,900 shares of the company’s stock valued at $2,251,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.
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.
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