Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Receives $76.98 Consensus Price Target from Analysts

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) has been assigned an average recommendation of “Buy” from the thirteen research firms that are covering the stock, MarketBeat.com reports. Eleven investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $76.9818.

TCOM has been the topic of several research reports. Mizuho boosted their price target on Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Barclays boosted their price target on Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Sanford C. Bernstein boosted their price target on Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 4th.

Trip.com Group Stock Down 0.2%

Shares of NASDAQ TCOM opened at $76.55 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07. The company has a market cap of $50.01 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 3.17 and a beta of 0.03. Trip.com Group has a 12 month low of $50.42 and a 12 month high of $78.65. The stock has a 50-day moving average price of $67.50 and a two-hundred day moving average price of $62.97.

Hedge Funds Weigh In On Trip.com Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Trip.com Group by 1,609.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company’s stock worth $821,514,000 after purchasing an additional 12,165,176 shares in the last quarter. ARGA Investment Management LP raised its position in Trip.com Group by 41.2% in the 2nd quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock valued at $354,426,000 after buying an additional 1,763,562 shares during the last quarter. Davis Selected Advisers raised its position in Trip.com Group by 29.8% in the 1st quarter. Davis Selected Advisers now owns 4,862,997 shares of the company’s stock valued at $309,189,000 after buying an additional 1,115,836 shares during the last quarter. National Bank of Canada FI raised its position in Trip.com Group by 220,646.1% in the 1st quarter. National Bank of Canada FI now owns 1,019,847 shares of the company’s stock valued at $64,842,000 after buying an additional 1,019,385 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in Trip.com Group by 41.4% in the 1st quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock valued at $189,428,000 after buying an additional 872,630 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

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.