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

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been assigned an average recommendation of “Buy” from the twelve brokerages that are covering the company, MarketBeat.com reports. Ten analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $77.25.

Several research firms have recently issued reports on TCOM. TD Securities lifted their target price on shares of Trip.com Group from $67.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Wall Street Zen lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Saturday, April 26th. Benchmark reiterated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, May 20th. JPMorgan Chase & Co. lowered their target price 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. Finally, Bank of America lifted their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, May 21st.

Institutional Trading of Trip.com Group

Hedge funds have recently bought and sold shares of the company. National Bank of Canada FI grew its stake 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 purchasing an additional 321 shares during the period. Stone House Investment Management LLC purchased a new stake in Trip.com Group during the first quarter valued at approximately $32,000. Rakuten Securities Inc. raised its position in 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 period. Principal Securities Inc. boosted its stake 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 during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after acquiring an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of TCOM opened at $59.98 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group has a one year low of $38.23 and a one year high of $77.18. The company has a 50-day simple moving average of $60.30 and a two-hundred day simple moving average of $64.28. The firm has a market capitalization of $39.18 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 0.67 and a beta of 0.09.

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.