Trip.com Group Limited (NASDAQ:TCOM) Receives $50.33 Average Price Target from Analysts

Shares of Trip.com Group Limited (NASDAQ:TCOMGet Free Report) have earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $50.33.

Several equities analysts have recently issued reports on the company. Benchmark reiterated a “buy” rating and issued a $55.00 price target on shares of Trip.com Group in a research note on Tuesday, November 21st. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Nomura Instinet reaffirmed a “neutral” rating on shares of Trip.com Group in a report on Tuesday, November 21st. TheStreet raised Trip.com Group from a “c” rating to a “b-” rating in a report on Tuesday, November 21st. Finally, Nomura downgraded Trip.com Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 21st.

Read Our Latest Research Report on Trip.com Group

Hedge Funds Weigh In On Trip.com Group

Institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Trip.com Group by 10.1% during the first quarter. BlackRock Inc. now owns 30,789,126 shares of the company’s stock valued at $1,159,826,000 after purchasing an additional 2,823,937 shares during the period. Morgan Stanley boosted its holdings in shares of Trip.com Group by 9.3% in the 4th quarter. Morgan Stanley now owns 30,375,921 shares of the company’s stock worth $1,044,932,000 after purchasing an additional 2,581,113 shares in the last quarter. Capital World Investors purchased a new position in shares of Trip.com Group in the 2nd quarter worth about $826,332,000. Vanguard Group Inc. boosted its holdings in shares of Trip.com Group by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 20,543,641 shares of the company’s stock worth $561,047,000 after purchasing an additional 330,624 shares in the last quarter. Finally, Capital International Investors boosted its holdings in shares of Trip.com Group by 8.3% in the 1st quarter. Capital International Investors now owns 13,976,739 shares of the company’s stock worth $323,142,000 after purchasing an additional 1,072,288 shares in the last quarter. 38.24% of the stock is owned by institutional investors.

Trip.com Group Stock Performance

TCOM opened at $36.37 on Friday. Trip.com Group has a 12-month low of $30.70 and a 12-month high of $43.59. The stock has a market cap of $23.50 billion, a price-to-earnings ratio of 16.16 and a beta of 0.60. The business has a 50 day moving average of $35.36 and a 200-day moving average of $36.03. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.16.

Trip.com Group (NASDAQ:TCOMGet Free Report) last released its quarterly earnings results on Monday, November 20th. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.28. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Trip.com Group had a return on equity of 7.95% and a net margin of 27.48%. On average, equities research analysts expect that Trip.com Group will post 1.98 earnings per share for the current year.

Trip.com Group Company Profile

(Get Free Report

Trip.com Group Limited 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.

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

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