Analysts Set Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) PT at $77.50

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $65.5556.

TCOM has been the subject of a number of recent analyst reports. Bank of America decreased their price target on shares of Trip.com Group from $78.00 to $64.00 and set a “buy” rating for the company in a research report on Monday. Benchmark reduced their price objective on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th. Mizuho decreased their price objective on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, June 25th. Nomura dropped their target price on shares of Trip.com Group from $71.00 to $51.00 and set a “neutral” rating for the company in a research report on Friday, June 26th. Finally, Citigroup cut their target price on shares of Trip.com Group from $82.00 to $64.00 and set a “buy” rating on the stock in a research note on Thursday, June 25th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TCOM. Capital World Investors increased its holdings in shares of Trip.com Group by 5.3% in the 3rd 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 during the last quarter. Sanders Capital LLC boosted its holdings in Trip.com Group by 7.2% in the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock worth $742,088,000 after purchasing an additional 662,230 shares during the period. Capital International Investors increased its stake in Trip.com Group by 0.6% during the third quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock valued at $479,742,000 after purchasing an additional 37,916 shares during the last quarter. Davis Selected Advisers increased its stake in Trip.com Group by 2.3% during the fourth quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock valued at $363,389,000 after purchasing an additional 111,944 shares during the last quarter. Finally, Cantillon Capital Management LLC raised its holdings in shares of Trip.com Group by 1.4% during the fourth quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock worth $335,804,000 after purchasing an additional 63,637 shares during the period. Institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Up 3.1%

Shares of Trip.com Group stock opened at $41.08 on Thursday. Trip.com Group has a 1-year low of $38.04 and a 1-year high of $78.99. The company has a market capitalization of $26.68 billion, a PE ratio of 6.43, a P/E/G ratio of 3.05 and a beta of -0.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.53 and a quick ratio of 1.53. The business has a 50-day moving average of $48.43 and a 200-day moving average of $55.65.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the firm posted $0.82 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. As a group, equities analysts forecast that Trip.com Group will post 3.27 EPS for the current fiscal year.

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.