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

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $62.4545.

Several equities analysts have weighed in on the company. Citigroup reduced their price target on Trip.com Group from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Weiss Ratings lowered Trip.com Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. Zacks Research downgraded Trip.com Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Barclays reduced their target price on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Finally, Bank of America reiterated a “buy” rating on shares of Trip.com Group in a report on Wednesday, July 29th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. lifted its position in Trip.com Group by 237.3% during the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock worth $29,000 after acquiring an additional 280 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of Trip.com Group in the fourth quarter valued at about $31,000. Caitong International Asset Management Co. Ltd grew its position in shares of Trip.com Group by 601.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after purchasing an additional 475 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares during the period. Finally, First Horizon Corp increased its stake in shares of Trip.com Group by 69.3% in the first quarter. First Horizon Corp now owns 611 shares of the company’s stock worth $30,000 after purchasing an additional 250 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Stock Performance

TCOM stock opened at $39.02 on Tuesday. The firm has a 50 day moving average of $43.96 and a two-hundred day moving average of $47.75. Trip.com Group has a 12 month low of $38.04 and a 12 month high of $78.99. The company has a market capitalization of $25.35 billion, a price-to-earnings ratio of 6.11, a P/E/G ratio of 3.11 and a beta of -0.05. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.30 billion. Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.82 EPS. As a group, equities analysts anticipate that Trip.com Group will post 3.13 EPS for the current fiscal year.

Trip.com Group Company Profile

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in China. Originally founded as Ctrip in 1999, the company has expanded its operations and brands to serve travelers in China and international markets.

Through its Trip.com, Ctrip, Qunar and Skyscanner platforms, Trip.com Group provides hotel and accommodation bookings, transportation reservations, including air, rail and car services, vacation packages, guided tours and other travel-related products.