Trip.com Group Limited (NASDAQ:TCOM) Receives Consensus Rating of “Buy” from Brokerages

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been given an average rating of “Buy” by the eleven ratings firms that are presently covering the firm, Marketbeat 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 target price among analysts that have updated their coverage on the stock in the last year is $74.78.

A number of analysts have recently weighed in on TCOM shares. Macquarie increased their price target on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Mizuho increased their target price on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. TD Cowen boosted their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, 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 report on Friday, January 3rd.

Trip.com Group Price Performance

TCOM opened at $64.90 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $67.56 and its 200 day moving average price is $56.43. Trip.com Group has a fifty-two week low of $34.42 and a fifty-two week high of $77.18. The firm has a market cap of $41.80 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.10 and a beta of 0.37.

Institutional Investors Weigh In On Trip.com Group

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock worth $138,000 after purchasing an additional 220 shares during the last quarter. Creative Planning grew its position in Trip.com Group by 1.7% in the third quarter. Creative Planning now owns 25,622 shares of the company’s stock worth $1,523,000 after buying an additional 423 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Trip.com Group by 4.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after buying an additional 431 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after acquiring an additional 489 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of Trip.com Group during the 3rd quarter worth $38,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

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.