Trip.com Group Limited (NASDAQ:TCOM) Given Average Rating of “Moderate Buy” by Analysts

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been given a consensus rating of “Moderate Buy” by the eleven analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $74.18.

Several research firms have recently commented on TCOM. Benchmark lifted their price objective 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. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 price objective for the company. Mizuho increased their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Hsbc Global Res downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Barclays increased their target price on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday.

Institutional Investors Weigh In On Trip.com Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Atlas Capital Advisors LLC boosted its holdings in Trip.com Group by 115.7% in the 2nd quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock valued at $171,000 after purchasing an additional 1,946 shares during the last quarter. LMR Partners LLP acquired a new position in Trip.com Group in the third quarter valued at approximately $18,435,000. Bayesian Capital Management LP purchased a new position in Trip.com Group in the first quarter worth approximately $742,000. Central Asset Investments & Management Holdings HK Ltd acquired a new stake in Trip.com Group during the third quarter worth $2,615,000. Finally, Varma Mutual Pension Insurance Co purchased a new stake in Trip.com Group in the second quarter valued at $2,914,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Up 3.3 %

Shares of TCOM opened at $64.79 on Thursday. Trip.com Group has a 12-month low of $31.55 and a 12-month high of $69.67. The firm has a market capitalization of $41.73 billion, a P/E ratio of 19.40 and a beta of 0.39. The firm has a fifty day moving average price of $60.28 and a 200-day moving average price of $52.37. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Equities research analysts expect that Trip.com Group will post 2.93 earnings per share for the current 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.