Trip.com Group (NASDAQ:TCOM) Trading 5.8% Higher – Still a Buy?

Trip.com Group Limited (NASDAQ:TCOM) shares rose 5.8% during trading on Monday . The company traded as high as $65.00 and last traded at $65.36. Approximately 1,679,265 shares traded hands during trading, a decline of 57% from the average daily volume of 3,861,031 shares. The stock had previously closed at $61.75.

Wall Street Analysts Forecast Growth

TCOM has been the topic of a number of research analyst reports. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Benchmark reiterated a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. Barclays upped their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Tuesday, November 19th. Finally, TD Cowen upped their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $77.08.

Trip.com Group Stock Performance

The company has a market cap of $42.69 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. The business has a 50 day moving average price of $65.74 and a two-hundred day moving average price of $63.30. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Trip.com Group Dividend Announcement

The company also recently declared a — dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a dividend of $0.30 per share. The ex-dividend date is Monday, March 17th. Trip.com Group’s payout ratio is currently 8.02%.

Hedge Funds Weigh In On Trip.com Group

A number of hedge funds have recently modified their holdings of TCOM. Brooklyn Investment Group purchased a new stake in shares of Trip.com Group during the fourth quarter worth about $25,000. National Bank of Canada FI boosted its holdings in shares of Trip.com Group by 227.7% during the fourth quarter. National Bank of Canada FI now owns 462 shares of the company’s stock worth $32,000 after purchasing an additional 321 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of Trip.com Group by 1,496.7% during the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after purchasing an additional 449 shares during the period. Principal Securities Inc. boosted its holdings in shares of Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after purchasing an additional 169 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock worth $43,000 after acquiring an additional 510 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Company Profile

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.