Trip.com Group Limited (NASDAQ:TCOM) Receives $77.08 Average PT from Analysts

Shares of Trip.com Group Limited (NASDAQ:TCOM) have earned an average recommendation of “Buy” from the eleven brokerages that are covering the firm, MarketBeat.com 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 twelve-month target price among analysts that have covered the stock in the last year is $77.08.

Several equities analysts recently issued reports on the stock. Macquarie lifted their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Sanford C. Bernstein started coverage on Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 target price on the stock. Mizuho increased their target price on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. TD Cowen raised their target price on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Barclays upped their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors have recently modified their holdings of TCOM. GF Fund Management CO. LTD. bought a new position in Trip.com Group in the fourth quarter valued at approximately $26,374,000. Public Employees Retirement System of Ohio bought a new position in Trip.com Group during the 4th quarter worth about $21,984,000. Vise Technologies Inc. acquired a new stake in shares of Trip.com Group in the 4th quarter valued at about $906,000. Voloridge Investment Management LLC lifted its holdings in shares of Trip.com Group by 93.7% in the fourth quarter. Voloridge Investment Management LLC now owns 1,244,863 shares of the company’s stock valued at $85,472,000 after purchasing an additional 602,151 shares in the last quarter. Finally, Tremblant Capital Group grew its holdings in shares of Trip.com Group by 220.3% during the fourth quarter. Tremblant Capital Group now owns 297,695 shares of the company’s stock worth $20,440,000 after buying an additional 204,744 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 2.0 %

Shares of NASDAQ TCOM opened at $57.81 on Friday. Trip.com Group has a 52-week low of $38.23 and a 52-week high of $77.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The business has a fifty day moving average of $67.09 and a two-hundred day moving average of $62.10. The stock 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 Announces Dividend

The firm 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 currently 8.60%.

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.