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

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have earned a consensus rating of “Buy” from the twelve ratings firms that are covering the stock, MarketBeat reports. Ten research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $77.25.

Several equities research analysts recently issued reports on TCOM shares. TD Securities upped their price target on Trip.com Group from $67.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Benchmark restated a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, May 20th. Wall Street Zen downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 26th. Bank of America lifted their target price on Trip.com Group from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Finally, Mizuho upgraded Trip.com Group to a “strong-buy” rating in a research report on Friday, May 2nd.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors and hedge funds have recently bought and sold shares of TCOM. Voya Investment Management LLC lifted its position in shares of Trip.com Group by 41.4% during the first quarter. Voya Investment Management LLC now owns 2,979,370 shares of the company’s stock valued at $189,428,000 after buying an additional 872,630 shares during the last quarter. Pinnacle Investment Management Ltd purchased a new stake in shares of Trip.com Group in the first quarter valued at approximately $1,272,000. Strs Ohio acquired a new position in Trip.com Group in the 1st quarter valued at about $8,191,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Trip.com Group by 332.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock valued at $2,549,000 after acquiring an additional 30,819 shares during the last quarter. Finally, Caxton Associates LLP purchased a new position in shares of Trip.com Group in the first quarter valued at approximately $400,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $58.80 on Friday. Trip.com Group has a twelve month low of $38.23 and a twelve month high of $77.18. The company has a market capitalization of $38.41 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.79 and a beta of 0.07. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $61.13 and a two-hundred day moving average price of $63.25.

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.