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

Trip.com Group Limited (NASDAQ:TCOM) has received an average rating of “Buy” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $77.08.

Several brokerages recently weighed in on TCOM. Benchmark reaffirmed a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday. Citigroup lifted their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. lowered their target price on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Sanford C. Bernstein began 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.

Institutional Investors Weigh In On Trip.com Group

Several hedge funds have recently modified their holdings of TCOM. Brooklyn Investment Group bought a new position in Trip.com Group during the fourth quarter worth $25,000. National Bank of Canada FI grew its position in Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company’s stock worth $32,000 after purchasing an additional 321 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after purchasing an additional 449 shares during the period. Principal Securities Inc. raised its position 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 valued at $36,000 after buying an additional 169 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Trip.com Group by 443.5% in the fourth quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after buying an additional 510 shares during the period. 35.41% of the stock is owned by institutional investors.

Trip.com Group Stock Performance

Shares of NASDAQ TCOM opened at $56.68 on Friday. Trip.com Group has a one year low of $38.23 and a one year high of $77.18. The business’s 50-day moving average price is $67.39 and its two-hundred day moving average price is $61.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $36.51 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 0.67 and a beta of 0.37.

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.