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

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $53.67.

Several equities analysts recently issued reports on the company. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Citigroup raised their target price on shares of Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Mizuho lifted their price target on shares of Trip.com Group from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. HSBC increased their price objective on shares of Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, April 12th. Finally, Barclays raised their price objective on shares of Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd.

Institutional Trading of Trip.com Group

Hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB boosted its holdings in shares of Trip.com Group by 1,628.6% in the fourth quarter. Nordea Investment Management AB now owns 1,177,866 shares of the company’s stock valued at $42,368,000 after buying an additional 1,109,727 shares during the period. Sequoia Financial Advisors LLC lifted its position in Trip.com Group by 137.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 35,656 shares of the company’s stock valued at $1,284,000 after acquiring an additional 20,654 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its stake in Trip.com Group by 112.3% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 187,989 shares of the company’s stock worth $6,769,000 after purchasing an additional 99,460 shares during the period. JPMorgan Chase & Co. boosted its stake in Trip.com Group by 2.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,172,916 shares of the company’s stock worth $145,927,000 after purchasing an additional 81,201 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in Trip.com Group by 98.2% during the 3rd quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company’s stock worth $190,164,000 after purchasing an additional 2,695,221 shares in the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Stock Performance

NASDAQ:TCOM opened at $48.67 on Wednesday. The stock has a market capitalization of $31.44 billion, a P/E ratio of 23.51 and a beta of 0.56. The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16. Trip.com Group has a 1 year low of $30.70 and a 1 year high of $50.63. The firm has a 50 day moving average of $44.47 and a 200-day moving average of $38.31.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.48 earnings per share for the quarter, beating 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 firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. As a group, sell-side analysts anticipate that Trip.com Group will post 2.54 EPS for the current fiscal year.

Trip.com Group Company Profile

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.