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

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been assigned an average recommendation of “Buy” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $77.25.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Bank of America boosted their price target on Trip.com Group from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st. Benchmark restated a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, May 20th. TD Securities lifted their price objective on Trip.com Group from $67.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Finally, Wall Street Zen lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Saturday, April 26th.

Trip.com Group Stock Down 2.2%

Trip.com Group stock opened at $60.61 on Monday. Trip.com Group has a 1-year low of $38.23 and a 1-year high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $39.59 billion, a PE ratio of 18.15, a P/E/G ratio of 0.67 and a beta of 0.09. The stock’s fifty day moving average is $59.90 and its two-hundred day moving average is $64.37.

Institutional Investors Weigh In On Trip.com Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI lifted its stake in Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after buying an additional 321 shares in the last quarter. Rakuten Securities Inc. raised its holdings in Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock valued at $33,000 after acquiring an additional 449 shares during the last quarter. Stone House Investment Management LLC acquired a new position in Trip.com Group in the 1st quarter valued at $32,000. Principal Securities Inc. raised its holdings in Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after acquiring an additional 169 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after acquiring an additional 450 shares during the last quarter. Hedge funds and other institutional investors 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.