Trip.com Group (NASDAQ:TCOM) Sets New 1-Year High – Should You Buy?

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $78.78 and last traded at $78.6250, with a volume of 1013828 shares trading hands. The stock had previously closed at $75.66.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TCOM shares. Barclays raised their target price on shares of Trip.com Group from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 19th. Benchmark lifted their price target on Trip.com Group from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Trip.com Group in a research report on Monday, December 29th. Zacks Research raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 3rd. Finally, Citigroup upped their price target on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Trip.com Group presently has a consensus rating of “Buy” and an average target price of $81.25.

Trip.com Group Stock Up 4.4%

The stock has a market cap of $51.58 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 2.52 and a beta of -0.13. The business has a fifty day moving average of $71.92 and a 200-day moving average of $69.21. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.48.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TCOM. Capital World Investors boosted its stake in Trip.com Group by 5.3% in the third quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock valued at $2,849,066,000 after acquiring an additional 1,912,238 shares in the last quarter. ARGA Investment Management LP boosted its position in shares of Trip.com Group by 41.2% in the 2nd quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock worth $354,426,000 after purchasing an additional 1,763,562 shares in the last quarter. Norges Bank acquired a new stake in shares of Trip.com Group in the 2nd quarter worth $45,205,000. CIBC Bancorp USA Inc. purchased a new position in Trip.com Group during the 3rd quarter worth $56,979,000. Finally, Sanders Capital LLC increased its position in Trip.com Group by 7.2% during the 3rd quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock valued at $742,088,000 after buying an additional 662,230 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

About Trip.com Group

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.