Brokerages Set Trip.com Group Limited (NASDAQ:TCOM) Target Price at $62.50

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been given a consensus recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $62.50.

Several brokerages have recently commented on TCOM. TD Cowen decreased their price objective on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th. Mizuho lifted their price objective on Trip.com Group from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. CLSA boosted their price objective on Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a report on Monday, May 13th. Benchmark restated a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a report on Tuesday, August 27th. Finally, Barclays boosted their price target on shares of Trip.com Group from $60.00 to $76.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd.

Trip.com Group Stock Down 0.6 %

Shares of TCOM opened at $47.26 on Friday. The company’s 50-day moving average price is $45.09 and its 200 day moving average price is $47.62. Trip.com Group has a 12-month low of $31.55 and a 12-month high of $58.00. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The firm has a market cap of $30.44 billion, a P/E ratio of 21.29 and a beta of 0.39.

Institutional Trading of Trip.com Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Natixis Advisors L.P. increased its holdings in shares of Trip.com Group by 2.4% in the 4th quarter. Natixis Advisors L.P. now owns 24,011 shares of the company’s stock valued at $865,000 after acquiring an additional 562 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Trip.com Group by 90.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock worth $34,000 after purchasing an additional 452 shares in the last quarter. AGF Management Ltd. lifted its position in shares of Trip.com Group by 2.9% during the 4th quarter. AGF Management Ltd. now owns 23,654 shares of the company’s stock worth $852,000 after buying an additional 658 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of Trip.com Group in the 4th quarter valued at $271,000. Finally, Green Court Capital Management Ltd boosted its holdings in shares of Trip.com Group by 64.5% in the 4th quarter. Green Court Capital Management Ltd now owns 3,421,281 shares of the company’s stock valued at $123,200,000 after buying an additional 1,341,806 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

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.