Trip.com Group Limited (NASDAQ:TCOM) Receives $74.18 Average Target Price from Analysts

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 covering the firm, Marketbeat.com reports. Ten investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $74.18.

A number of brokerages have recently weighed in on TCOM. Sanford C. Bernstein initiated coverage on Trip.com Group in a report on Monday, November 4th. They issued an "outperform" rating and a $85.00 target price on the stock. Macquarie lifted their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a research report on Wednesday. StockNews.com raised Trip.com Group from a "hold" rating to a "buy" rating in a research report on Wednesday. Mizuho increased their price target 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. Finally, TD Cowen lifted their price objective on Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a report on Tuesday.

Trip.com Group Trading Down 1.3 %

Shares of NASDAQ:TCOM opened at $63.95 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $41.19 billion, a price-to-earnings ratio of 19.40 and a beta of 0.39. The company has a 50 day moving average price of $60.28 and a 200 day moving average price of $52.37. Trip.com Group has a 1-year low of $32.42 and a 1-year high of $69.67.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last released its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a net margin of 31.86% and a return on equity of 12.40%. On average, research analysts anticipate that Trip.com Group will post 2.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in Trip.com Group by 20.5% during the 3rd quarter. Geode Capital Management LLC now owns 317,894 shares of the company's stock worth $18,892,000 after purchasing an additional 54,072 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Trip.com Group in the third quarter valued at approximately $224,000. MML Investors Services LLC increased its position in shares of Trip.com Group by 12.3% during the third quarter. MML Investors Services LLC now owns 14,126 shares of the company's stock worth $839,000 after acquiring an additional 1,546 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of Trip.com Group by 53.8% during the third quarter. XTX Topco Ltd now owns 16,612 shares of the company's stock worth $987,000 after acquiring an additional 5,813 shares during the period. Finally, CoreView Capital Management Ltd lifted its position 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. Institutional investors and hedge funds own 35.41% of the company's stock.

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.