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

Trip.com Group Limited (NASDAQ:TCOM) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $53.67.

TCOM has been the subject of a number of research reports. Citigroup raised their target price 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. UBS Group raised their target price on Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Barclays raised their target price on Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research note on Friday, February 23rd. Finally, HSBC raised their target price on Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday.

Institutional Trading of Trip.com Group

A number of large investors have recently added to or reduced their stakes in TCOM. Cerity Partners LLC increased its position in Trip.com Group by 2.8% during the fourth quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock worth $435,000 after acquiring an additional 328 shares during the period. PNC Financial Services Group Inc. increased its position in Trip.com Group by 10.9% during the third quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock worth $143,000 after acquiring an additional 402 shares during the period. Parallel Advisors LLC increased its position in Trip.com Group by 14.5% during the fourth quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock worth $122,000 after acquiring an additional 430 shares during the period. Grantham Mayo Van Otterloo & Co. LLC increased its position in Trip.com Group by 3.9% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,847 shares of the company’s stock worth $414,000 after acquiring an additional 440 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in Trip.com Group by 3.1% during the third quarter. Sequoia Financial Advisors LLC now owns 15,002 shares of the company’s stock worth $525,000 after acquiring an additional 445 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Down 2.5 %

TCOM opened at $48.85 on Wednesday. Trip.com Group has a 1-year low of $30.70 and a 1-year high of $50.40. The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $31.56 billion, a price-to-earnings ratio of 23.60 and a beta of 0.56. The business has a 50 day moving average of $44.05 and a 200-day moving average of $38.11.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.19 by $0.29. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. As a group, sell-side analysts anticipate that Trip.com Group will post 2.54 earnings per share for the current year.

About Trip.com Group

Trip.com Group Limited 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.