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

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) has been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the firm, MarketBeat reports. Nine analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $81.25.

TCOM has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trip.com Group in a research report on Monday. Barclays lifted their price objective on shares of Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 19th. Bank of America increased their price objective on Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Citigroup increased 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, Zacks Research upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd.

Hedge Funds Weigh In On Trip.com Group

Institutional investors have recently made changes to their positions in the business. First Horizon Corp acquired a new stake in shares of Trip.com Group during the third quarter worth $27,000. NewEdge Advisors LLC increased its holdings in shares of Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after buying an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Trip.com Group by 44.2% during the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after purchasing an additional 215 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Trip.com Group by 601.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after acquiring an additional 475 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in Trip.com Group by 67.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock valued at $50,000 after purchasing an additional 342 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Down 0.4%

TCOM opened at $72.32 on Wednesday. The stock has a market capitalization of $47.24 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.52 and a beta of -0.13. The company has a fifty day moving average of $71.44 and a two-hundred day moving average of $68.28. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. Trip.com Group has a fifty-two week low of $51.35 and a fifty-two week high of $78.65.

Trip.com Group Company Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.