Brokerages Set Trip.com Group Limited (NASDAQ:TCOM) Price Target at $77.08

Trip.com Group Limited (NASDAQ:TCOM) has earned a consensus recommendation of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $77.08.

TCOM has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Citigroup upped their target price on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Tuesday, November 19th. Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Finally, TD Cowen lifted their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th.

Institutional Trading of Trip.com Group

Institutional investors have recently modified their holdings of the company. Brooklyn Investment Group bought a new position in Trip.com Group in the fourth quarter worth $25,000. National Bank of Canada FI lifted its holdings in shares of Trip.com Group by 227.7% during the 4th quarter. National Bank of Canada FI now owns 462 shares of the company’s stock worth $32,000 after acquiring an additional 321 shares during the period. Rakuten Securities Inc. boosted its position in shares of Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock valued at $33,000 after acquiring an additional 449 shares in the last quarter. Principal Securities Inc. increased its stake in Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after acquiring an additional 169 shares during the period. Finally, RPg Family Wealth Advisory LLC acquired a new position in Trip.com Group in the third quarter worth about $38,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Stock Up 2.0 %

TCOM stock opened at $57.81 on Friday. The firm has a market cap of $37.23 billion, a PE ratio of 17.31, a PEG ratio of 0.67 and a beta of 0.37. Trip.com Group has a 1 year low of $38.23 and a 1 year high of $77.18. The company has a fifty day simple moving average of $67.09 and a 200 day simple moving average of $62.10. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Trip.com Group Announces Dividend

The company also recently declared a — dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio (DPR) is 8.60%.

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.