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

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been given a consensus rating of “Buy” by the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Ten 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 research analysts have recently commented on the company. StockNews.com cut Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Benchmark reiterated a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. Citigroup lifted their price target on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Trip.com Group by 15.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,805 shares of the company’s stock worth $467,000 after acquiring an additional 905 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Trip.com Group during the 4th quarter valued at about $906,000. GF Fund Management CO. LTD. acquired a new stake in Trip.com Group during the fourth quarter worth approximately $26,374,000. Public Employees Retirement System of Ohio bought a new stake in Trip.com Group in the fourth quarter worth approximately $21,984,000. Finally, Vise Technologies Inc. acquired a new position in Trip.com Group in the fourth quarter valued at approximately $906,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Shares of Trip.com Group stock opened at $62.68 on Wednesday. The company’s 50 day moving average price is $65.69 and its two-hundred day moving average price is $64.52. The firm has a market capitalization of $40.37 billion, a P/E ratio of 18.77, a P/E/G ratio of 0.67 and a beta of 0.38. Trip.com Group has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Trip.com Group Announces Dividend

The business also recently announced a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s payout ratio is presently 8.02%.

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.