Analysts Set Trip.com Group Limited (NASDAQ:TCOM) PT at $74.78

Trip.com Group Limited (NASDAQ:TCOM) has been assigned a consensus recommendation of “Buy” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $74.78.

Several equities analysts have recently issued reports on the company. Macquarie lifted their price target on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a report on Tuesday, November 19th. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. Finally, TD Cowen increased their target price on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th.

Institutional Trading of Trip.com Group

A number of large investors have recently added to or reduced their stakes in TCOM. FMR LLC boosted its holdings in shares of Trip.com Group by 32.8% in the 3rd 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 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. Aspex Management HK Ltd purchased a new stake in shares of Trip.com Group in the third quarter valued at $128,962,000. Wellington Management Group LLP lifted its holdings 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 worth $134,493,000 after acquiring an additional 1,919,006 shares during the last quarter. Finally, ARGA Investment Management LP boosted its stake in shares of 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 worth $350,602,000 after purchasing an additional 1,884,044 shares during the period. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Down 2.7 %

Shares of NASDAQ:TCOM opened at $63.15 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $67.51 and a two-hundred day simple moving average of $56.64. Trip.com Group has a 12-month low of $34.42 and a 12-month high of $77.18. The stock has a market capitalization of $40.67 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.10 and a beta of 0.37.

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.