Trip.com Group Limited (NASDAQ:TCOM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Trip.com Group Limited (NASDAQ:TCOM) have earned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $53.67.

Several research firms have weighed in on TCOM. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Benchmark restated a “buy” rating and set a $55.00 price objective on shares of Trip.com Group in a research note on Wednesday, April 17th. Citigroup lifted their price objective on shares of Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Barclays lifted their price objective on shares of Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Finally, UBS Group lifted their price objective on shares of Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd.

Trip.com Group Stock Up 4.6 %

NASDAQ:TCOM opened at $53.30 on Friday. The company has a market cap of $34.44 billion, a PE ratio of 25.75 and a beta of 0.52. Trip.com Group has a twelve month low of $30.70 and a twelve month high of $53.38. The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $46.67 and its two-hundred day moving average is $39.69.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.29. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. Analysts anticipate that Trip.com Group will post 2.54 EPS for the current year.

Hedge Funds Weigh In On Trip.com Group

Several large investors have recently made changes to their positions in TCOM. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Trip.com Group by 90.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock valued at $34,000 after purchasing an additional 452 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Trip.com Group during the third quarter worth $66,000. Clarity Asset Management Inc. acquired a new position in Trip.com Group during the fourth quarter worth $66,000. Atlas Capital Advisors LLC acquired a new position in Trip.com Group during the first quarter worth $74,000. Finally, Parallel Advisors LLC raised its position in Trip.com Group by 14.5% during the fourth quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock worth $122,000 after acquiring an additional 430 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Company Profile

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. 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.