Trip.com Group Limited (NASDAQ:TCOM) Receives $61.89 Average PT from Analysts

Shares of Trip.com Group Limited (NASDAQ:TCOM) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $61.89.

TCOM has been the topic of several recent analyst reports. HSBC boosted their price target on Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Citigroup upped their price objective on Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, April 1st. CLSA upped their price objective on Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Barclays upped their price objective on Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd.

Hedge Funds Weigh In On Trip.com Group

Institutional investors have recently made changes to their positions in the stock. AIA Group Ltd grew its holdings in shares of Trip.com Group by 22.7% during the first quarter. AIA Group Ltd now owns 110,994 shares of the company’s stock valued at $4,872,000 after purchasing an additional 20,545 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Trip.com Group by 137.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company’s stock valued at $1,284,000 after purchasing an additional 20,654 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Trip.com Group by 58.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 80,829 shares of the company’s stock valued at $3,548,000 after purchasing an additional 29,829 shares during the last quarter. Van ECK Associates Corp bought a new position in shares of Trip.com Group during the first quarter valued at approximately $3,000,000. Finally, OPTIMAS CAPITAL Ltd bought a new position in shares of Trip.com Group during the first quarter valued at approximately $4,516,000. 35.41% of the stock is owned by institutional investors.

Trip.com Group Trading Down 4.1 %

NASDAQ:TCOM opened at $43.43 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.15 and a current ratio of 1.15. Trip.com Group has a one year low of $31.55 and a one year high of $58.00. The business’s 50-day simple moving average is $49.94 and its 200 day simple moving average is $46.32. The stock has a market cap of $27.97 billion, a price-to-earnings ratio of 19.56 and a beta of 0.42.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Monday, May 20th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.53 by $0.21. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.61 billion. As a group, sell-side analysts predict that Trip.com Group will post 2.89 earnings per share for the current fiscal year.

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.