Trip.com Group Limited (NASDAQ:TCOM) Receives Consensus Rating of "Buy" from Brokerages

Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) has been given an average rating of "Buy" by the eleven ratings firms that are covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $77.08.

A number of brokerages have recently issued reports on TCOM. Citigroup raised their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a report on Friday, January 3rd. HSBC upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a report on Tuesday, November 19th. Macquarie increased their price target on Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Mizuho raised their price target on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th. Finally, StockNews.com cut Trip.com Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th.

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Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. abrdn plc raised its holdings in Trip.com Group by 0.5% during the fourth quarter. abrdn plc now owns 29,598 shares of the company's stock valued at $2,032,000 after acquiring an additional 150 shares during the period. Principal Securities Inc. raised its stake in Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after purchasing an additional 169 shares during the period. Rhumbline Advisers lifted its holdings in Trip.com Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after purchasing an additional 184 shares in the last quarter. Blair William & Co. IL boosted its stake in Trip.com Group by 4.3% in the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock worth $367,000 after purchasing an additional 219 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in Trip.com Group by 2.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock valued at $875,000 after buying an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Up 3.7 %

TCOM stock traded up $2.13 during midday trading on Friday, hitting $59.94. The company's stock had a trading volume of 3,722,547 shares, compared to its average volume of 3,822,677. Trip.com Group has a 12 month low of $38.23 and a 12 month high of $77.18. The firm's 50-day moving average is $67.09 and its 200-day moving average is $62.10. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a market cap of $38.61 billion, a PE ratio of 17.97, a P/E/G ratio of 0.67 and a beta of 0.37.

Trip.com Group Dividend Announcement

The company also recently declared a -- dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group's payout ratio is currently 8.60%.

Trip.com Group Company Profile

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.