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

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) has received a consensus rating of “Buy” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $76.9818.

A number of equities analysts have recently commented on TCOM shares. Zacks Research raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Mizuho boosted their target price on Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Thursday, August 28th. Sanford C. Bernstein boosted their target price on Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Barclays boosted their target price on Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th.

Trip.com Group Trading Up 0.5%

Shares of TCOM opened at $78.52 on Monday. The firm has a 50-day moving average price of $66.64 and a 200 day moving average price of $62.68. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $51.29 billion, a P/E ratio of 21.51, a P/E/G ratio of 3.24 and a beta of 0.03. Trip.com Group has a 12-month low of $48.43 and a 12-month high of $78.65.

Institutional Investors Weigh In On Trip.com Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Trip.com Group by 1,609.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company’s stock valued at $821,514,000 after purchasing an additional 12,165,176 shares during the period. ARGA Investment Management LP increased its holdings in shares of Trip.com Group by 41.2% in the second quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock valued at $354,426,000 after purchasing an additional 1,763,562 shares during the period. Davis Selected Advisers increased its holdings in shares of Trip.com Group by 29.8% in the first quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock valued at $309,189,000 after purchasing an additional 1,115,836 shares during the period. National Bank of Canada FI increased its holdings in shares of Trip.com Group by 220,646.1% in the first quarter. National Bank of Canada FI now owns 1,019,847 shares of the company’s stock valued at $64,842,000 after purchasing an additional 1,019,385 shares during the period. Finally, Voya Investment Management LLC increased its holdings in shares of Trip.com Group by 41.4% in the first quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock valued at $189,428,000 after purchasing an additional 872,630 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

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.