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

Trip.com Group Limited (NASDAQ:TCOM) has been given an average rating of “Buy” by the eleven analysts that are covering the company, Marketbeat reports. Ten research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $77.08.

A number of equities analysts recently commented on TCOM shares. Benchmark restated a “buy” rating and set a $80.00 target price on shares of Trip.com Group in a report on Tuesday, February 25th. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Citigroup boosted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, February 27th.

Trip.com Group Price Performance

TCOM stock opened at $62.68 on Wednesday. The firm’s 50-day moving average price is $65.69 and its two-hundred day moving average price is $64.28. The stock has a market capitalization of $40.37 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 0.67 and a beta of 0.38. 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 has a 12-month low of $38.23 and a 12-month high of $77.18.

Trip.com Group Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio is presently 8.02%.

Institutional Trading of Trip.com Group

Several institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in Trip.com Group by 15.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,805 shares of the company’s stock valued at $467,000 after acquiring an additional 905 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Trip.com Group in the fourth quarter worth $906,000. GF Fund Management CO. LTD. bought a new position in shares of Trip.com Group during the fourth quarter valued at $26,374,000. Public Employees Retirement System of Ohio purchased a new position in Trip.com Group in the 4th quarter worth about $21,984,000. Finally, Vise Technologies Inc. bought a new position in Trip.com Group during the 4th quarter valued at about $906,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.