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

Trip.com Group Limited (NASDAQ:TCOM) has been assigned a consensus rating of “Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $74.18.

Several equities research analysts recently issued reports on the company. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, November 19th. Benchmark boosted their price objective on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Citigroup upped their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 target price for the company. Finally, Mizuho increased their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its stake in Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock worth $661,086,000 after purchasing an additional 2,749,365 shares during the last quarter. Sanders Capital LLC increased its holdings in shares of Trip.com Group by 34.7% in the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after buying an additional 2,462,767 shares during the period. Aspex Management HK Ltd bought a new stake in shares of Trip.com Group in the 3rd quarter valued at about $128,962,000. Wellington Management Group LLP lifted its stake in shares of Trip.com Group by 557.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock valued at $134,493,000 after acquiring an additional 1,919,006 shares during the last quarter. Finally, ARGA Investment Management LP boosted its holdings in Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after acquiring an additional 1,884,044 shares during the period. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $72.44 on Monday. The company’s 50 day simple moving average is $65.68 and its two-hundred day simple moving average is $54.68. The stock has a market capitalization of $46.66 billion, a PE ratio of 21.69, a P/E/G ratio of 1.10 and a beta of 0.38. 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 has a 1 year low of $33.67 and a 1 year high of $77.18.

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.