Trip.com Group Limited (NASDAQ:TCOM – Get Rating) has received an average rating of “Buy” from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $35.00.
TCOM has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered shares of Trip.com Group from an “overweight” rating to a “neutral” rating and set a $20.00 price target on the stock. in a research note on Monday, March 14th. Macquarie upgraded Trip.com Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 15th. Mizuho decreased their price objective on Trip.com Group from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, March 24th. CLSA cut their target price on shares of Trip.com Group from $39.00 to $35.00 in a research note on Friday, March 25th. Finally, Citigroup increased their price objective on shares of Trip.com Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, February 15th.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC grew its stake in shares of Trip.com Group by 49.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,901 shares of the company’s stock worth $47,000 after purchasing an additional 633 shares during the period. Pinebridge Investments L.P. acquired a new stake in Trip.com Group in the fourth quarter valued at $52,000. Exane Derivatives acquired a new position in shares of Trip.com Group during the 1st quarter worth $78,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Trip.com Group by 44.4% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 5,015 shares of the company’s stock worth $122,000 after buying an additional 1,541 shares in the last quarter. Finally, Advisor Group Holdings Inc. grew its stake in Trip.com Group by 19.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 6,496 shares of the company’s stock valued at $152,000 after acquiring an additional 1,068 shares during the last quarter. 66.54% of the stock is owned by hedge funds and other institutional investors.
Trip.com Group (NASDAQ:TCOM – Get Rating) last issued its quarterly earnings data on Wednesday, March 23rd. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.29. Trip.com Group had a positive return on equity of 0.19% and a negative net margin of 2.87%. The company had revenue of $735.00 million during the quarter, compared to analyst estimates of $679.36 million. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, equities research analysts predict that Trip.com Group will post -0.23 EPS for the current year.
Trip.com Group Company Profile (Get Rating)
Trip.com Group Limited 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. It 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, including flight delay insurance, air accident insurance, 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.
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