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

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

A number of brokerages have weighed in on TCOM. JPMorgan Chase & Co. cut their price target on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Saturday. 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. Finally, Benchmark reiterated a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th.

Institutional Trading of Trip.com Group

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

Trip.com Group Stock Down 0.2 %

Shares of TCOM stock opened at $57.52 on Friday. 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 $37.05 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12. The business’s fifty day moving average is $60.12 and its 200-day moving average is $64.54. Trip.com Group has a 1 year low of $38.23 and a 1 year high of $77.18.

Trip.com Group Dividend Announcement

The firm also recently announced a — dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) 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.