Trip.com Group Limited (NASDAQ:TCOM) Receives $74.18 Average Target Price from Analysts

Trip.com Group Limited (NASDAQ:TCOM) has received an average rating of “Buy” from the eleven analysts that are covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $74.18.

A number of equities analysts recently commented on the company. TD Cowen lifted their price target on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Barclays lifted their target price on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, November 19th. Hsbc Global Res raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. Finally, Macquarie increased their target price on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday.

Trip.com Group Stock Down 2.3 %

Shares of Trip.com Group stock opened at $63.64 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.32. Trip.com Group has a 1-year low of $32.42 and a 1-year high of $69.67. The business has a 50-day moving average of $60.97 and a 200-day moving average of $52.53. The company has a market capitalization of $40.99 billion, a PE ratio of 19.05, a P/E/G ratio of 1.10 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a net margin of 31.86% and a return on equity of 12.04%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. As a group, equities analysts forecast that Trip.com Group will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of Trip.com Group by 20.5% during the 3rd quarter. Geode Capital Management LLC now owns 317,894 shares of the company’s stock worth $18,892,000 after buying an additional 54,072 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Trip.com Group in the third quarter worth about $224,000. MML Investors Services LLC grew its position in Trip.com Group by 12.3% during the 3rd quarter. MML Investors Services LLC now owns 14,126 shares of the company’s stock worth $839,000 after purchasing an additional 1,546 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Trip.com Group by 53.8% during the third quarter. XTX Topco Ltd now owns 16,612 shares of the company’s stock valued at $987,000 after buying an additional 5,813 shares in the last quarter. Finally, CoreView Capital Management Ltd increased its holdings in shares of Trip.com Group by 15.8% in the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock valued at $277,905,000 after purchasing an additional 639,000 shares during the period. Institutional investors and hedge funds 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.