Trip.com Group Limited (NASDAQ:TCOM) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $52.88.

A number of brokerages have recently issued reports on TCOM. Citigroup raised their price target on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Mizuho upped their price target on Trip.com Group from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. UBS Group upped their target price on shares of Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Barclays lifted their price target on shares of Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd.

Institutional Investors Weigh In On Trip.com Group

Large investors have recently modified their holdings of the company. Cerity Partners LLC grew its position in shares of Trip.com Group by 2.8% in the 4th quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock valued at $435,000 after buying an additional 328 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Trip.com Group by 10.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,102 shares of the company’s stock valued at $143,000 after buying an additional 402 shares during the period. Parallel Advisors LLC raised its position in Trip.com Group by 14.5% during the 4th quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock worth $122,000 after buying an additional 430 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Trip.com Group by 3.9% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 11,847 shares of the company’s stock worth $414,000 after acquiring an additional 440 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Trip.com Group by 3.1% in the third quarter. Sequoia Financial Advisors LLC now owns 15,002 shares of the company’s stock valued at $525,000 after acquiring an additional 445 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Stock Up 0.4 %

Shares of TCOM opened at $49.00 on Wednesday. Trip.com Group has a 52-week low of $30.70 and a 52-week high of $49.72. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $43.32 and a two-hundred day simple moving average of $37.82. The company has a market capitalization of $31.66 billion, a PE ratio of 23.67 and a beta of 0.56.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.29. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. As a group, equities analysts forecast that Trip.com Group will post 2.54 EPS for the current year.

About Trip.com Group

Trip.com Group Limited 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.