Trip.com Group Limited (NASDAQ:TCOM) Receives Average Recommendation of “Buy” from Analysts

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

TCOM has been the topic of a number of recent analyst reports. Citigroup lifted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Benchmark reissued a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th.

Institutional Trading of Trip.com Group

Several hedge funds and other institutional investors have recently bought and sold shares of TCOM. Brooklyn Investment Group bought a new position in shares of Trip.com Group during the fourth quarter worth approximately $25,000. National Bank of Canada FI increased its holdings 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 valued at $32,000 after buying an additional 321 shares during the period. Rakuten Securities Inc. lifted 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 acquiring an additional 449 shares during the period. Principal Securities Inc. boosted its position in shares of Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after acquiring an additional 169 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new position in Trip.com Group in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Down 0.4 %

NASDAQ:TCOM opened at $63.67 on Wednesday. The stock’s fifty day simple moving average is $65.83 and its 200-day simple moving average is $64.18. The firm has a market capitalization of $41.01 billion, a P/E ratio of 19.06, a P/E/G ratio of 0.67 and a beta of 0.38. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group has a 12-month low of $38.23 and a 12-month high of $77.18.

Trip.com Group Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group’s payout ratio is presently 8.02%.

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.