Trip.com Group Limited (NASDAQ:TCOM) Given Average Rating of “Buy” by Brokerages

Trip.com Group Limited (NASDAQ:TCOM) has earned an average recommendation of “Buy” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $74.18.

TCOM has been the subject of several analyst reports. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Tuesday, November 19th. TD Cowen increased their price target on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Citigroup boosted their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Mizuho boosted their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th.

Trip.com Group Stock Performance

Trip.com Group stock opened at $72.55 on Monday. The firm has a 50 day simple moving average of $64.83 and a 200-day simple moving average of $53.98. The stock has a market cap of $46.73 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group has a 1-year low of $33.29 and a 1-year high of $77.18.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors have recently modified their holdings of TCOM. CWM LLC raised its holdings in Trip.com Group by 10.4% in the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after acquiring an additional 220 shares in the last quarter. Creative Planning raised its holdings in shares of Trip.com Group by 1.7% in the 3rd quarter. Creative Planning now owns 25,622 shares of the company’s stock valued at $1,523,000 after purchasing an additional 423 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Trip.com Group by 4.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,647 shares of the company’s stock valued at $500,000 after purchasing an additional 431 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after purchasing an additional 489 shares during the last quarter. Finally, Ritholtz Wealth Management grew its stake in shares of Trip.com Group by 3.5% during the second quarter. Ritholtz Wealth Management now owns 14,919 shares of the company’s stock worth $701,000 after purchasing an additional 505 shares in the last quarter. 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.