Brokerages Set Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Price Target at $63.20

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $63.20.

Several brokerages have recently issued reports on TCOM. Bank of America decreased their price objective on Trip.com Group from $78.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, June 29th. Mizuho decreased their price target on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Citigroup decreased their price target on shares of Trip.com Group from $82.00 to $64.00 and set a “buy” rating for the company in a research note on Thursday, June 25th. Weiss Ratings downgraded shares of Trip.com Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. Finally, China Renaissance restated a “hold” rating and issued a $42.00 price objective on shares of Trip.com Group in a report on Thursday, July 2nd.

Trip.com Group Stock Down 2.5%

Shares of NASDAQ TCOM opened at $42.58 on Monday. The stock has a market cap of $27.66 billion, a P/E ratio of 6.66, a PEG ratio of 3.34 and a beta of -0.03. The business’s fifty day simple moving average is $45.17 and its 200-day simple moving average is $52.51. Trip.com Group has a 12-month low of $38.04 and a 12-month high of $78.99. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Thursday, June 25th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. As a group, equities analysts predict that Trip.com Group will post 3.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Trip.com Group

Several large investors have recently bought and sold shares of TCOM. Royal Bank of Canada lifted its holdings in Trip.com Group by 22.9% during the 1st quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock worth $2,068,000 after buying an additional 6,062 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after acquiring an additional 450 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Trip.com Group by 332.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock worth $2,549,000 after acquiring an additional 30,819 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Trip.com Group by 44.2% during the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in Trip.com Group during the second quarter worth approximately $215,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

About Trip.com Group

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.