Trip.com Group Limited (NASDAQ:TCOM) Given Average Recommendation of “Moderate Buy” by Analysts

Trip.com Group Limited (NASDAQ:TCOM) has been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $61.89.

Several research firms have commented on TCOM. Citigroup lifted their target price on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. HSBC upped their price objective on Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, April 12th. CLSA boosted their price target on shares of Trip.com Group from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, May 13th. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd. Finally, Mizuho boosted their target price on shares of Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st.

Institutional Investors Weigh In On Trip.com Group

Several institutional investors have recently made changes to their positions in TCOM. Nordea Investment Management AB lifted its holdings in Trip.com Group by 1,628.6% during the 4th quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock worth $42,368,000 after purchasing an additional 1,109,727 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Trip.com Group by 137.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company’s stock valued at $1,284,000 after acquiring an additional 20,654 shares during the period. AIA Group Ltd grew its stake in Trip.com Group by 43.1% during the fourth quarter. AIA Group Ltd now owns 90,449 shares of the company’s stock valued at $3,257,000 after acquiring an additional 27,236 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its holdings in Trip.com Group by 112.3% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company’s stock worth $6,769,000 after acquiring an additional 99,460 shares during the period. Finally, ARGA Investment Management LP lifted its stake in Trip.com Group by 22.3% in the 4th quarter. ARGA Investment Management LP now owns 4,595,151 shares of the company’s stock worth $165,471,000 after purchasing an additional 837,620 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of Trip.com Group stock opened at $48.35 on Monday. The company has a market cap of $31.14 billion, a PE ratio of 21.78 and a beta of 0.44. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.07. Trip.com Group has a 52 week low of $31.55 and a 52 week high of $58.00. The business has a 50 day moving average price of $51.65 and a 200-day moving average price of $44.26.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Monday, May 20th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.21. Trip.com Group had a net margin of 22.99% and a return on equity of 10.73%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.61 billion. Equities analysts anticipate that Trip.com Group will post 2.66 earnings per share for the current fiscal year.

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.