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

Shares of Trip.com Group Limited (NASDAQ:TCOMGet Free Report) have been given an average rating of “Moderate Buy” by the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $60.30.

Several brokerages have issued reports on TCOM. UBS Group boosted their target price on Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Barclays upped their price objective on shares of Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. CLSA increased their target price on shares of Trip.com Group from $55.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. 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. Finally, StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 22nd.

View Our Latest Report on TCOM

Hedge Funds Weigh In On Trip.com Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. increased its holdings 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 worth $34,000 after buying an additional 452 shares during the last quarter. Clarity Asset Management Inc. bought a new position in Trip.com Group in the fourth quarter valued at $66,000. Atlas Capital Advisors LLC bought a new position in Trip.com Group in the first quarter valued at $74,000. Advisors Asset Management Inc. raised its position in Trip.com Group by 29.5% during the first quarter. Advisors Asset Management Inc. now owns 2,692 shares of the company’s stock valued at $118,000 after purchasing an additional 613 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake 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 purchasing an additional 430 shares during the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Down 1.7 %

Trip.com Group stock opened at $51.38 on Thursday. The firm has a 50 day moving average price of $50.33 and a 200-day moving average price of $42.29. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.07. Trip.com Group has a twelve month low of $30.77 and a twelve month high of $58.00. The company has a market capitalization of $33.09 billion, a P/E ratio of 23.14 and a beta of 0.52.

Trip.com Group Company Profile

(Get Free Report

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.

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Analyst Recommendations for Trip.com Group (NASDAQ:TCOM)

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