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

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

Several brokerages have recently commented on TCOM. Zacks Research upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Barclays upped their price objective on shares of Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 19th. Bank of America raised their target price 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 upped their price target on Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vident Advisory LLC lifted its position in Trip.com Group by 13.9% during the 4th quarter. Vident Advisory LLC now owns 19,593 shares of the company’s stock worth $1,409,000 after acquiring an additional 2,393 shares during the last quarter. Wahed Invest LLC lifted its position in shares of Trip.com Group by 6.8% during the 4th quarter. Wahed Invest LLC now owns 11,268 shares of the company’s stock worth $810,000 after purchasing an additional 720 shares during the last quarter. Empowered Funds LLC bought a new stake in Trip.com Group during the 4th quarter valued at approximately $239,000. XTX Topco Ltd grew its holdings in Trip.com Group by 47.2% in the 4th quarter. XTX Topco Ltd now owns 27,365 shares of the company’s stock valued at $1,968,000 after buying an additional 8,769 shares during the last quarter. Finally, SummitTX Capital L.P. bought a new position in Trip.com Group in the 4th quarter worth approximately $695,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Stock Up 0.9%

Shares of Trip.com Group stock opened at $56.63 on Thursday. The firm has a market cap of $36.99 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 3.96 and a beta of -0.14. The stock has a 50-day simple moving average of $66.27 and a 200-day simple moving average of $69.04. Trip.com Group has a 52-week low of $51.35 and a 52-week high of $78.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.48.

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.