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

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have been given a consensus rating of “Buy” by the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $76.9818.

TCOM has been the topic of several analyst reports. Sanford C. Bernstein lifted their target price on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Trip.com Group in a research note on Wednesday, October 8th. Barclays lifted their target price on Trip.com Group from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th. Finally, Mizuho lifted their target price on Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th.

Institutional Trading of Trip.com Group

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

Trip.com Group Trading Down 0.1%

Shares of TCOM stock opened at $70.14 on Friday. The business’s 50 day moving average is $70.91 and its two-hundred day moving average is $64.04. Trip.com Group has a twelve month low of $51.35 and a twelve month high of $78.65. The company has a market capitalization of $45.82 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 2.89 and a beta of 0.03. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07.

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.