Brokerages Set Trip.com Group Limited (NASDAQ:TCOM) PT at $74.78

Shares of Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) have received a consensus rating of "Buy" from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Ten analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $74.78.

A number of analysts recently issued reports on TCOM shares. HSBC raised Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price objective for the company in a research report on Tuesday, November 19th. Citigroup boosted their price target on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Mizuho raised their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Benchmark reissued a "buy" rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, January 14th. Finally, Hsbc Global Res raised shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 19th.

Institutional Investors Weigh In On Trip.com Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC grew its holdings in Trip.com Group by 32.8% in the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company's stock valued at $661,086,000 after buying an additional 2,749,365 shares during the last quarter. Sanders Capital LLC grew its position in Trip.com Group by 34.7% in the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company's stock worth $568,531,000 after purchasing an additional 2,462,767 shares during the last quarter. ARGA Investment Management LP increased its holdings in shares of Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company's stock worth $350,602,000 after purchasing an additional 1,884,044 shares during the period. Cantillon Capital Management LLC increased its stake in Trip.com Group by 14.9% during the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company's stock valued at $289,328,000 after acquiring an additional 629,508 shares during the period. Finally, CoreView Capital Management Ltd raised its holdings in Trip.com Group by 15.8% in the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company's stock valued at $277,905,000 after acquiring an additional 639,000 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Stock Up 1.0 %

Shares of NASDAQ:TCOM traded up $0.69 during trading on Tuesday, reaching $69.22. 3,309,367 shares of the company traded hands, compared to its average volume of 2,437,123. The firm has a fifty day simple moving average of $69.20 and a 200 day simple moving average of $59.22. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group has a 1-year low of $38.23 and a 1-year high of $77.18. The firm has a market cap of $44.58 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 0.71 and a beta of 0.37.

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.