Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $63.75.

A number of research firms have recently weighed in on TCOM. Barclays cut their price target on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, June 26th. Benchmark reiterated a “buy” rating on shares of Trip.com Group in a report on Tuesday, July 28th. Citigroup dropped their price objective on Trip.com Group from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and issued a $63.00 target price on shares of Trip.com Group in a research note on Tuesday, July 28th. Finally, Zacks Research cut Trip.com Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TCOM. Brown Brothers Harriman & Co. grew its holdings in Trip.com Group by 237.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares during the period. First Horizon Corp raised its holdings in Trip.com Group by 69.3% in the first quarter. First Horizon Corp now owns 611 shares of the company’s stock worth $30,000 after purchasing an additional 250 shares during the period. TD Private Client Wealth LLC acquired a new stake in Trip.com Group in the fourth quarter worth $31,000. NewEdge Advisors LLC boosted its position in shares of Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after purchasing an additional 450 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Trip.com Group during the second quarter worth $37,000. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Trading Down 1.2%

Shares of NASDAQ TCOM opened at $45.02 on Friday. The company’s 50 day simple moving average is $44.42 and its 200 day simple moving average is $49.89. Trip.com Group has a fifty-two week low of $38.04 and a fifty-two week high of $78.99. The firm has a market capitalization of $29.24 billion, a P/E ratio of 7.05, a P/E/G ratio of 3.63 and a beta of -0.02. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.53 and a quick ratio of 1.53.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings data on Thursday, June 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The business had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the business posted $0.82 earnings per share. Trip.com Group’s revenue was up 17.2% compared to the same quarter last year. On average, analysts predict that Trip.com Group will post 3.14 EPS for the current year.

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.