Brokerages Set Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Target Price at $76.98

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have been assigned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat reports. Eleven investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $76.9818.

TCOM has been the subject of several research analyst reports. Barclays raised their target price on Trip.com Group from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Mizuho raised their target price on Trip.com Group from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Zacks Research raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Sanford C. Bernstein raised their target price on Trip.com Group from $75.00 to $78.00 and gave the company an “outperform” rating in a research report on Friday, August 29th.

Trip.com Group Trading Down 0.2%

NASDAQ TCOM opened at $76.55 on Monday. The firm has a market capitalization of $50.01 billion, a P/E ratio of 20.97, a PEG ratio of 3.17 and a beta of 0.03. The business has a fifty day simple moving average of $67.50 and a 200 day simple moving average of $62.97. Trip.com Group has a 12 month low of $50.42 and a 12 month high of $78.65. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. grew its stake in shares of Trip.com Group by 2.1% during the 2nd quarter. Osaic Holdings Inc. now owns 24,718 shares of the company’s stock worth $1,468,000 after acquiring an additional 510 shares during the period. Advisory Services Network LLC grew its stake in shares of Trip.com Group by 2.1% during the 2nd quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock worth $523,000 after acquiring an additional 176 shares during the period. Hudson Bay Capital Management LP bought a new position in shares of Trip.com Group during the 2nd quarter worth $4,690,000. Nomura Holdings Inc. bought a new position in shares of Trip.com Group during the 2nd quarter worth $2,395,000. Finally, Caxton Associates LLP grew its stake in shares of Trip.com Group by 125.0% during the 2nd quarter. Caxton Associates LLP now owns 14,148 shares of the company’s stock worth $830,000 after acquiring an additional 7,859 shares during the period. Institutional investors own 35.41% of the company’s stock.

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.