Trip.com Group Limited (NASDAQ:TCOM) Given Average Recommendation of "Buy" by Brokerages

Shares of Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) have been assigned an average rating of "Buy" from the eleven brokerages that are covering the firm, MarketBeat reports. Ten analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $74.78.

TCOM has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded shares of Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 19th. Benchmark lifted their target price on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. Mizuho increased their price target on Trip.com Group from $65.00 to $78.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Barclays lifted their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Finally, Citigroup raised their target price 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.

Institutional Trading of Trip.com Group

A number of hedge funds and other institutional investors have recently bought and sold shares of TCOM. RPg Family Wealth Advisory LLC bought a new stake in Trip.com Group in the 3rd quarter worth about $38,000. Benjamin F. Edwards & Company Inc. increased its position in shares of 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 valued at $55,000 after acquiring an additional 489 shares during the last quarter. CWM LLC lifted its holdings in Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company's stock worth $138,000 after acquiring an additional 220 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in Trip.com Group by 101.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company's stock worth $189,000 after purchasing an additional 1,595 shares during the last quarter. Finally, Blair William & Co. IL bought a new position in Trip.com Group in the 2nd quarter valued at $204,000. Institutional investors own 35.41% of the company's stock.

Trip.com Group Trading Down 2.7 %

Shares of NASDAQ TCOM traded down $1.75 during trading on Friday, reaching $63.15. The company had a trading volume of 3,135,758 shares, compared to its average volume of 2,951,476. The stock has a market cap of $40.67 billion, a P/E ratio of 18.91, a PEG ratio of 1.10 and a beta of 0.37. The company's fifty day moving average price is $67.51 and its 200-day moving average price is $56.53. 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 12 month low of $34.42 and a 12 month high of $77.18.

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.