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

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $61.89.

A number of analysts have recently issued reports on the company. Citigroup lifted their price target on Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. TD Cowen lifted their price target on Trip.com Group from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. HSBC lifted their price target on Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Barclays lifted their price target on Trip.com Group from $60.00 to $76.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Finally, StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research note on Friday, July 19th.

Hedge Funds Weigh In On Trip.com Group

Hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Trip.com Group by 90.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock worth $34,000 after purchasing an additional 452 shares during the period. Fifth Third Bancorp grew its holdings in shares of Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after purchasing an additional 986 shares during the period. Hilltop National Bank grew its holdings in shares of Trip.com Group by 322.1% during the 2nd quarter. Hilltop National Bank now owns 1,148 shares of the company’s stock worth $54,000 after purchasing an additional 876 shares during the period. Clarity Asset Management Inc. purchased a new position in shares of Trip.com Group during the 4th quarter worth $66,000. Finally, Atlas Capital Advisors LLC acquired a new position in Trip.com Group during the 1st quarter worth about $74,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Down 4.1 %

Trip.com Group stock opened at $43.43 on Friday. The stock has a market capitalization of $27.97 billion, a PE ratio of 19.56 and a beta of 0.42. Trip.com Group has a 12 month low of $31.55 and a 12 month high of $58.00. The business has a 50 day simple moving average of $49.94 and a 200-day simple moving average of $46.32. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.15 and a quick ratio of 1.15.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Monday, May 20th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.21. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. On average, analysts anticipate that Trip.com Group will post 2.89 EPS for the current fiscal year.

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.