Analysts Set Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Target Price at $81.25

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have received a consensus rating of “Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $81.25.

Several analysts have recently weighed in on the stock. Benchmark raised their price objective on shares of Trip.com Group from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Bank of America increased their price target on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Citigroup raised their price target on Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday. Finally, Zacks Research upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd.

Trip.com Group Trading Up 3.6%

Shares of Trip.com Group stock opened at $74.49 on Wednesday. Trip.com Group has a 12-month low of $51.35 and a 12-month high of $78.65. The stock has a market capitalization of $48.66 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 2.37 and a beta of -0.13. The company has a 50-day simple moving average of $71.52 and a 200 day simple moving average of $68.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.06.

Hedge Funds Weigh In On Trip.com Group

A number of large investors have recently modified their holdings of TCOM. Capital World Investors grew its stake in shares of Trip.com Group by 5.3% during the third quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock valued at $2,849,066,000 after purchasing an additional 1,912,238 shares during the last quarter. Sanders Capital LLC lifted its holdings 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 worth $742,088,000 after buying an additional 662,230 shares in the last quarter. Capital International Investors boosted its position in Trip.com Group by 0.6% in the 3rd quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock valued at $479,742,000 after buying an additional 37,916 shares during the last quarter. ARGA Investment Management LP increased its stake 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 valued at $354,426,000 after buying an additional 1,763,562 shares during the period. Finally, Davis Selected Advisers increased its stake in shares of Trip.com Group by 1.8% in the 2nd quarter. Davis Selected Advisers now owns 4,949,468 shares of the company’s stock valued at $290,237,000 after buying an additional 86,471 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Company Profile

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.