Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Receives Average Recommendation of “Moderate Buy” from Analysts

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOMGet Free Report) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $77.00.

Several research analysts have weighed in on TCOM shares. Zacks Research downgraded Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. TD Cowen lowered their target price on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Benchmark lowered their target price on Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Finally, Barclays reiterated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a research note on Thursday, February 26th.

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More Trip.com Group News

Here are the key news stories impacting Trip.com Group this week:

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC grew its stake in shares of Trip.com Group by 544.1% in the 4th quarter. Hsbc Holdings PLC now owns 73,747 shares of the company’s stock valued at $5,280,000 after purchasing an additional 62,298 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Trip.com Group by 4.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 233,596 shares of the company’s stock valued at $16,798,000 after buying an additional 10,695 shares in the last quarter. Compound Planning Inc. boosted its stake in shares of Trip.com Group by 11.6% in the fourth quarter. Compound Planning Inc. now owns 10,067 shares of the company’s stock valued at $724,000 after buying an additional 1,045 shares in the last quarter. Vident Advisory LLC boosted its stake in shares of Trip.com Group by 13.9% in the fourth quarter. Vident Advisory LLC now owns 19,593 shares of the company’s stock valued at $1,409,000 after buying an additional 2,393 shares in the last quarter. Finally, Wahed Invest LLC boosted its stake in shares of Trip.com Group by 6.8% in the fourth quarter. Wahed Invest LLC now owns 11,268 shares of the company’s stock valued at $810,000 after buying an additional 720 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Trading Up 1.1%

NASDAQ:TCOM opened at $54.69 on Friday. The stock’s 50 day moving average price is $52.74 and its 200 day moving average price is $64.10. The company has a market capitalization of $35.73 billion, a PE ratio of 8.16, a P/E/G ratio of 3.75 and a beta of -0.11. The company has a quick ratio of 1.48, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. Trip.com Group has a 52-week low of $48.48 and a 52-week high of $78.99.

Trip.com Group (NASDAQ:TCOMGet Free Report) last announced its earnings results on Saturday, February 14th. The company reported $0.71 earnings per share for the quarter. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%.The company had revenue of $2.20 billion for the quarter. On average, research analysts anticipate that Trip.com Group will post 3.3 EPS for the current year.

About Trip.com Group

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Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.

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Analyst Recommendations for Trip.com Group (NASDAQ:TCOM)

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