Trip.com Group Limited (NASDAQ:TCOM) Receives $77.08 Average Price Target from Brokerages

Shares of Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) have been assigned an average recommendation of "Buy" from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $77.08.

A number of brokerages have recently weighed in on TCOM. JPMorgan Chase & Co. lowered their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 26th. Benchmark restated a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, Citigroup lifted their price target on Trip.com Group from $73.00 to $78.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd.

Trip.com Group Price Performance

NASDAQ TCOM traded down $2.50 during trading hours on Wednesday, reaching $62.68. 2,473,597 shares of the stock traded hands, compared to its average volume of 3,955,340. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a 50 day simple moving average of $65.69 and a two-hundred day simple moving average of $64.40. Trip.com Group has a 1 year low of $38.23 and a 1 year high of $77.18. The company has a market cap of $40.37 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38.

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Trip.com Group Announces Dividend

The business also recently announced a -- dividend, which will be paid on Friday, April 4th. Stockholders 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 dividend payout ratio is 8.02%.

Hedge Funds Weigh In On Trip.com Group

Several hedge funds and other institutional investors have recently modified their holdings of TCOM. Victory Capital Management Inc. grew its holdings in shares of Trip.com Group by 45.5% during the 3rd quarter. Victory Capital Management Inc. now owns 10,985 shares of the company's stock worth $653,000 after acquiring an additional 3,433 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Trip.com Group by 85.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company's stock worth $23,478,000 after purchasing an additional 182,403 shares during the period. Citigroup Inc. raised its holdings in Trip.com Group by 45.6% in the third quarter. Citigroup Inc. now owns 310,154 shares of the company's stock worth $18,432,000 after purchasing an additional 97,067 shares in the last quarter. Cerity Partners LLC lifted its position in Trip.com Group by 16.1% during the third quarter. Cerity Partners LLC now owns 13,706 shares of the company's stock valued at $815,000 after buying an additional 1,896 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Trip.com Group by 5.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 23,787 shares of the company's stock valued at $1,414,000 after buying an additional 1,177 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company's stock.

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.