Trip.com Group Limited (NASDAQ:TCOM) Receives $53.67 Average Price Target from Brokerages

Shares of Trip.com Group Limited (NASDAQ:TCOM) have received an average rating of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $53.67.

A number of analysts recently commented on TCOM shares. StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Citigroup boosted their price objective on Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Mizuho raised their target price on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. UBS Group lifted their price target on shares of Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, HSBC raised their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, April 12th.

Trip.com Group Price Performance

Shares of TCOM opened at $53.22 on Friday. The stock has a market cap of $34.38 billion, a P/E ratio of 25.71 and a beta of 0.52. Trip.com Group has a 1 year low of $30.70 and a 1 year high of $54.29. The stock’s 50-day moving average price is $47.17 and its two-hundred day moving average price is $40.17. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.29. Trip.com Group had a net margin of 22.43% and a return on equity of 9.35%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. On average, equities analysts predict that Trip.com Group will post 2.54 earnings per share for the current year.

Institutional Investors Weigh In On Trip.com Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TCOM. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Trip.com Group by 90.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 952 shares of the company’s stock worth $34,000 after buying an additional 452 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Trip.com Group during the third quarter valued at approximately $66,000. Clarity Asset Management Inc. bought a new position in Trip.com Group in the fourth quarter valued at approximately $66,000. Atlas Capital Advisors LLC acquired a new position in shares of Trip.com Group during the 1st quarter worth approximately $74,000. Finally, Parallel Advisors LLC raised its stake in shares of Trip.com Group by 14.5% during the 4th quarter. Parallel Advisors LLC now owns 3,396 shares of the company’s stock worth $122,000 after purchasing an additional 430 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

About Trip.com Group

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.