Trip.com Group Limited (NASDAQ:TCOM) Receives Average Rating of “Moderate Buy” from Brokerages

Trip.com Group Limited (NASDAQ:TCOM) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $62.50.

TCOM has been the subject of a number of recent analyst reports. TD Cowen dropped their target price on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Benchmark reiterated a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a research report on Tuesday, August 27th. Finally, StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TCOM. Fifth Third Bancorp lifted its stake in Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after buying an additional 986 shares in the last quarter. Hilltop National Bank lifted its stake in Trip.com Group by 322.1% in the second quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock valued at $54,000 after buying an additional 876 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after buying an additional 489 shares in the last quarter. Clarity Asset Management Inc. bought a new position in Trip.com Group in the fourth quarter valued at approximately $66,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Trip.com Group in the second quarter valued at approximately $66,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $62.51 on Wednesday. The company has a 50-day moving average of $46.02 and a 200-day moving average of $48.41. The company has a market capitalization of $40.26 billion, a price-to-earnings ratio of 28.16 and a beta of 0.39. Trip.com Group has a 52 week low of $31.55 and a 52 week high of $63.87. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. As a group, equities research analysts anticipate that Trip.com Group will post 2.88 earnings per share for the current fiscal year.

About Trip.com Group

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.