Brokerages Set Trip.com Group Limited (NASDAQ:TCOM) Price Target at $61.89

Trip.com Group Limited (NASDAQ:TCOM) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $61.89.

TCOM has been the topic of several recent research reports. TD Cowen boosted their price target on shares of Trip.com Group from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. CLSA raised their price target on shares of Trip.com Group from $55.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Citigroup upped their price objective on Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a report on Monday, April 1st. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. Finally, Barclays upped their price target on Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors have recently modified their holdings of TCOM. Cetera Advisors LLC acquired a new position in Trip.com Group during the 1st quarter worth $432,000. Swedbank AB acquired a new stake in Trip.com Group in the first quarter valued at approximately $8,891,000. Tidal Investments LLC lifted its stake in Trip.com Group by 698.7% in the first quarter. Tidal Investments LLC now owns 89,432 shares of the company’s stock worth $3,925,000 after acquiring an additional 78,235 shares during the last quarter. Kontiki Capital Management HK Ltd. grew its holdings in Trip.com Group by 1.9% during the 1st quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company’s stock worth $198,549,000 after acquiring an additional 83,200 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of Trip.com Group in the 1st quarter valued at approximately $742,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $48.87 on Monday. The company has a market cap of $31.48 billion, a P/E ratio of 21.96 and a beta of 0.44. Trip.com Group has a twelve month low of $31.55 and a twelve month high of $58.00. The company’s 50-day moving average price is $51.64 and its 200-day moving average price is $44.48. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.07.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Monday, May 20th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.21. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.61 billion. On average, sell-side analysts forecast that Trip.com Group will post 2.66 earnings per share for the current fiscal year.

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.