Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Stock Has Average Price Target of $60.45 According to Analysts

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) has received a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $60.45.

A number of equities research analysts have weighed in on TCOM shares. Benchmark restated a “buy” rating on shares of Trip.com Group in a report on Tuesday, July 28th. HSBC cut Trip.com Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Barclays reduced their price objective on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, June 26th. Mizuho lowered their price objective on Trip.com Group from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, September 16th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $63.00 target price on shares of Trip.com Group in a report on Tuesday, July 28th.

Trip.com Group Price Performance

Shares of NASDAQ TCOM opened at $38.09 on Friday. Trip.com Group has a one year low of $37.99 and a one year high of $78.99. The firm’s 50 day simple moving average is $42.69 and its two-hundred day simple moving average is $46.08. The stock has a market capitalization of $24.74 billion, a P/E ratio of 7.85, a PEG ratio of 3.12 and a beta of -0.04.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Friday, August 14th. The company reported $1.07 earnings per share for the quarter. Trip.com Group had a net margin of 36.07% and a return on equity of 16.99%. The firm had revenue of $2.31 billion during the quarter. As a group, equities analysts expect that Trip.com Group will post 3.07 earnings per share for the current fiscal year.

Institutional Trading of Trip.com Group

A number of institutional investors and hedge funds have recently bought and sold shares of TCOM. Cantillon Capital Management LLC lifted its stake in shares of Trip.com Group by 1.4% in the fourth quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock worth $335,804,000 after buying an additional 63,637 shares in the last quarter. Temasek Holdings Private Ltd lifted its position in Trip.com Group by 67.1% in the 4th quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock valued at $161,055,000 after acquiring an additional 899,469 shares in the last quarter. Perseverance Asset Management International purchased a new stake in Trip.com Group during the 1st quarter valued at $33,608,000. C WorldWide Group Holding A S increased its holdings in shares of Trip.com Group by 2.1% in the 2nd quarter. C WorldWide Group Holding A S now owns 613,630 shares of the company’s stock worth $24,447,000 after purchasing an additional 12,463 shares in the last quarter. Finally, ABN Amro Investment Solutions raised its stake in shares of Trip.com Group by 91.5% in the first quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company’s stock worth $24,595,000 after purchasing an additional 235,997 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Company Profile

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in Shanghai, China. Formerly known as Ctrip.com International, the company adopted the Trip.com Group name in 2019 as it expanded its international presence. Its platform connects travelers with travel-related products and services in China and markets around the world.

The company provides accommodation reservations, transportation ticketing, packaged tours, and other travel services. Its offerings include hotel and lodging bookings, flights, train tickets, car rentals, attraction tickets, and vacation products.