Brokerages Set Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) PT at $77.50

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) has been given an average rating of “Moderate Buy” by the ten ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $77.50.

Several equities analysts have recently weighed in on TCOM shares. TD Cowen dropped their price objective on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Barclays reissued an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Morgan Stanley reissued an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. Zacks Research lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Benchmark dropped their price objective on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th.

Hedge Funds Weigh In On Trip.com Group

Large investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. raised its position in shares of Trip.com Group by 237.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares during the period. TD Private Client Wealth LLC bought a new position in Trip.com Group during the fourth quarter worth about $31,000. Caitong International Asset Management Co. Ltd increased its position in Trip.com Group by 601.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after acquiring an additional 475 shares during the period. NewEdge Advisors LLC increased its position in Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after acquiring an additional 450 shares during the period. Finally, First Horizon Corp increased its position in Trip.com Group by 69.3% during the first quarter. First Horizon Corp now owns 611 shares of the company’s stock worth $30,000 after acquiring an additional 250 shares during the period. 35.41% of the stock is owned by institutional investors.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $47.94 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average price is $50.95 and its two-hundred day moving average price is $59.24. Trip.com Group has a 1 year low of $45.92 and a 1 year high of $78.99. The firm has a market capitalization of $31.14 billion, a P/E ratio of 7.16, a price-to-earnings-growth ratio of 3.36 and a beta of -0.07.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.71 earnings per share (EPS) for the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. The firm had revenue of $2.20 billion for the quarter. As a group, research analysts anticipate that Trip.com Group will post 3.61 EPS for the current year.

About Trip.com Group

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.