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

Shares of Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) have received a consensus recommendation of "Buy" from the eleven research firms that are covering the stock, Marketbeat reports. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $74.18.

TCOM has been the topic of a number of research reports. 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. Mizuho raised their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. Sanford C. Bernstein began coverage on shares of Trip.com Group in a report on Monday, November 4th. They set an "outperform" rating and a $85.00 price target for the company. Macquarie raised their price objective on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Finally, Citigroup boosted their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th.

Institutional Trading of Trip.com Group

Several large investors have recently modified their holdings of TCOM. RPg Family Wealth Advisory LLC acquired a new stake in Trip.com Group in the third quarter valued at $38,000. Fifth Third Bancorp grew its position in shares of Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock worth $50,000 after acquiring an additional 986 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock worth $55,000 after acquiring an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Trip.com Group in the second quarter worth $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in Trip.com Group during the 2nd quarter valued at $74,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Trading Up 0.0 %

NASDAQ:TCOM traded up $0.01 on Monday, reaching $72.56. 3,010,577 shares of the company's stock were exchanged, compared to its average volume of 4,027,307. The business has a fifty day moving average of $64.92 and a 200-day moving average of $54.13. 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 52-week low of $33.33 and a 52-week high of $77.18. The firm has a market capitalization of $46.74 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38.

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.