Benzinga | Sep 25, 2020 10:40AM EDT

Why Trip.com's Stock Is Trading Higher Today

Trip.com (NASDAQ:TCOM) shares are trading higher on Friday after multiple firms maintained Buy ratings and raised their respective price targets on the stock following its second-quarter earnings results.

Trip.com is the largest online travel agency in China. The company generated about 77% of sales from accommodation reservations and transportation ticketing in 2019. The rest of Trip.com's revenue comes from package tours and corporate travel. Most of its sales come through websites and mobile platforms, while the rest come from call centers. The company was founded in 1999 and listed on the Nasdaq in December 2003.

Trip.com shares were trading up 7.21% at $29.75 at the time of publication on Friday. The stock has a 52-week high of $38.95 and a 52-week low of $20.10.