Analysts Set Trip.com Group Limited (NASDAQ:TCOM) PT at $74.18

Trip.com Group Limited (NASDAQ:TCOM) has received a consensus recommendation of “Buy” from the eleven research firms that are presently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $74.18.

A number of equities analysts have weighed in on TCOM shares. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a research note on Monday, November 4th. They set an “outperform” rating and a $85.00 target price for the company. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. Benchmark raised their price target on Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, Macquarie upped their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th.

Institutional Trading of Trip.com Group

Institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of Trip.com Group by 32.8% during the 3rd quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after buying an additional 2,749,365 shares during the period. Sanders Capital LLC increased its position in Trip.com Group by 34.7% during the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after acquiring an additional 2,462,767 shares during the last quarter. ARGA Investment Management LP lifted its holdings in Trip.com Group by 46.9% in the third 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. Cantillon Capital Management LLC boosted its position in Trip.com Group by 14.9% in the third quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock worth $289,328,000 after purchasing an additional 629,508 shares during the last quarter. Finally, CoreView Capital Management Ltd grew its stake in shares of Trip.com Group by 15.8% during the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock valued at $277,905,000 after purchasing an additional 639,000 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Down 4.2 %

Shares of Trip.com Group stock opened at $71.51 on Monday. Trip.com Group has a 1 year low of $33.67 and a 1 year 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. The company has a 50-day moving average of $65.36 and a 200 day moving average of $54.41. The firm has a market cap of $46.06 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 1.10 and a beta of 0.38.

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.