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

Trip.com Group Limited (NASDAQ:TCOM) has earned an average recommendation of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $74.78.

Several research analysts have commented on the company. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. Mizuho upped their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein started coverage on Trip.com Group in a research report on Monday, November 4th. They issued an “outperform” rating and a $85.00 target price for the company. Finally, Macquarie raised their target price on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $68.39 on Tuesday. The firm’s fifty day moving average price is $69.29 and its two-hundred day moving average price is $59.57. Trip.com Group has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $44.05 billion, a PE ratio of 20.48, a PEG ratio of 0.69 and a beta of 0.37.

Institutional Investors Weigh In On Trip.com Group

A number of hedge funds have recently modified their holdings of TCOM. CWM LLC boosted its holdings in shares of Trip.com Group by 10.4% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after purchasing an additional 220 shares during the last quarter. Creative Planning increased its holdings in shares of Trip.com Group by 1.7% in the third quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after purchasing an additional 423 shares during the period. Seven Grand Managers LLC acquired a new stake in shares of Trip.com Group during the 3rd quarter worth approximately $10,884,000. Blue Trust Inc. raised its position in shares of Trip.com Group by 64.0% during the 3rd quarter. Blue Trust Inc. now owns 7,545 shares of the company’s stock worth $448,000 after purchasing an additional 2,944 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in shares of Trip.com Group by 9.1% during the 3rd quarter. Raymond James & Associates now owns 40,998 shares of the company’s stock worth $2,437,000 after purchasing an additional 3,425 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

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.