Trip.com Group Limited (NASDAQ:TCOM) Given Average Rating of “Buy” by Brokerages

Shares of Trip.com Group Limited (NASDAQ:TCOM) have received an average rating of “Buy” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $74.78.

A number of equities analysts have recently weighed in on TCOM shares. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Mizuho boosted their price target on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Sanford C. Bernstein started coverage on Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price objective on the stock. TD Cowen lifted their price objective 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. Finally, Benchmark reiterated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, January 14th.

Institutional Investors Weigh In On Trip.com Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new position in shares of Trip.com Group in the 3rd quarter worth approximately $384,000. LMR Partners LLP bought a new position in Trip.com Group during the third quarter worth $18,435,000. Headwater Capital Co Ltd acquired a new position in Trip.com Group in the fourth quarter valued at $13,732,000. Massachusetts Financial Services Co. MA boosted its position in Trip.com Group by 85.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company’s stock valued at $23,478,000 after acquiring an additional 182,403 shares during the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Trip.com Group during the 3rd quarter worth about $2,615,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Trading Up 2.7 %

Shares of TCOM opened at $72.03 on Tuesday. The firm’s 50-day moving average is $68.68 and its two-hundred day moving average is $58.72. Trip.com Group has a twelve month low of $36.88 and a twelve month high of $77.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $46.39 billion, a P/E ratio of 21.57, a PEG ratio of 0.71 and a beta of 0.37.

About Trip.com Group

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.