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

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) has been given a consensus recommendation of “Buy” by the ten brokerages that are currently covering the stock, Marketbeat reports. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $81.25.

Several equities research analysts have weighed in on the company. Benchmark upped their price target on Trip.com Group from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Zacks Research upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Sanford C. Bernstein raised their target price on shares of Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Citigroup boosted their price target on shares of Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Trip.com Group in a research report on Monday.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $71.75 on Friday. The company has a market cap of $46.87 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 2.15 and a beta of -0.13. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.06. Trip.com Group has a 52 week low of $51.35 and a 52 week high of $78.65. The company has a fifty day simple moving average of $71.57 and a two-hundred day simple moving average of $67.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TCOM. Capital World Investors grew its holdings in shares of Trip.com Group by 5.3% in the 3rd quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock worth $2,849,066,000 after purchasing an additional 1,912,238 shares during the last quarter. Sanders Capital LLC grew its stake in Trip.com Group by 7.2% during the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after buying an additional 662,230 shares during the last quarter. Capital International Investors grew its stake in Trip.com Group by 0.6% during the third quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock worth $479,742,000 after buying an additional 37,916 shares during the last quarter. ARGA Investment Management LP increased its holdings in shares of Trip.com Group by 41.2% during the second quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock worth $354,426,000 after buying an additional 1,763,562 shares in the last quarter. Finally, Davis Selected Advisers raised its stake in shares of Trip.com Group by 1.8% in the second quarter. Davis Selected Advisers now owns 4,949,468 shares of the company’s stock valued at $290,237,000 after acquiring an additional 86,471 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

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.