Trip.com Group Limited (NASDAQ:TCOM) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $63.38.

A number of brokerages recently issued reports on TCOM. Benchmark reiterated a “buy” rating and issued a $72.00 target price on shares of Trip.com Group in a report on Wednesday, June 12th. TD Cowen increased their target price on Trip.com Group from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Mizuho increased their target price on Trip.com Group from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, CLSA increased their price target on Trip.com Group from $55.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, May 13th.

Trip.com Group Price Performance

Trip.com Group stock opened at $42.91 on Tuesday. The stock has a market capitalization of $27.64 billion, a price-to-earnings ratio of 19.33 and a beta of 0.42. Trip.com Group has a 52-week low of $31.55 and a 52-week high of $58.00. The stock’s 50 day moving average price is $46.25 and its two-hundred day moving average price is $47.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.15 and a current ratio of 1.15.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Monday, May 20th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.21. Trip.com Group had a return on equity of 10.73% and a net margin of 22.99%. The company had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.61 billion. On average, equities analysts predict that Trip.com Group will post 2.78 earnings per share for the current year.

Institutional Investors Weigh In On Trip.com Group

Several large investors have recently made changes to their positions in the business. CWM LLC increased its position in shares of Trip.com Group by 13.5% during the 2nd quarter. CWM LLC now owns 2,107 shares of the company’s stock valued at $99,000 after purchasing an additional 251 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of Trip.com Group by 11.4% during the 1st quarter. Lindbrook Capital LLC now owns 3,154 shares of the company’s stock worth $138,000 after acquiring an additional 323 shares during the period. Cerity Partners LLC grew its stake in shares of Trip.com Group by 2.8% during the 4th quarter. Cerity Partners LLC now owns 12,071 shares of the company’s stock worth $435,000 after acquiring an additional 328 shares during the period. QRG Capital Management Inc. grew its stake in shares of Trip.com Group by 2.6% during the 2nd quarter. QRG Capital Management Inc. now owns 13,772 shares of the company’s stock worth $647,000 after acquiring an additional 344 shares during the period. Finally, Diversified Trust Co grew its stake in shares of Trip.com Group by 1.5% during the 1st quarter. Diversified Trust Co now owns 24,686 shares of the company’s stock worth $1,083,000 after acquiring an additional 375 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.