Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a Moderate Buy consensus on Trip.com Group, with nine buy ratings, four holds and one sell among 14 analysts. The average 12-month price target is $62.45, above the stock’s reported $41.03 opening price.
• Recent analyst actions were mixed: Mizuho cut its price target to $65 while retaining an outperform rating, China Renaissance maintained a $42 hold target, and Bank of America and Benchmark reiterated buy ratings.
• Trip.com’s latest quarter showed 17.2% year-over-year revenue growth to $2.35 billion, exceeding estimates, although adjusted EPS of $0.83 fell slightly short of expectations. Institutional investors and hedge funds own 35.41% of the stock.

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $62.4545.

Several equities analysts recently issued reports on TCOM shares. Mizuho dropped their price target on Trip.com Group from $79.00 to $65.00 and set an "outperform" rating on the stock in a research report on Thursday, June 25th. China Renaissance reaffirmed a "hold" rating and set a $42.00 price objective on shares of Trip.com Group in a research report on Thursday, July 2nd. Bank of America reiterated a "buy" rating on shares of Trip.com Group in a research note on Wednesday, July 29th. Benchmark reissued a "buy" rating on shares of Trip.com Group in a report on Tuesday, July 28th. Finally, Weiss Ratings cut Trip.com Group from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, August 31st.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. boosted its holdings in shares of Trip.com Group by 237.3% in the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company's stock valued at $29,000 after acquiring an additional 280 shares in the last quarter. TD Private Client Wealth LLC purchased a new position in Trip.com Group during the fourth quarter worth about $31,000. Caitong International Asset Management Co. Ltd raised its holdings in Trip.com Group by 601.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company's stock worth $42,000 after purchasing an additional 475 shares in the last quarter. NewEdge Advisors LLC lifted its position in Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company's stock valued at $36,000 after purchasing an additional 450 shares during the period. Finally, First Horizon Corp lifted its position in Trip.com Group by 69.3% in the first quarter. First Horizon Corp now owns 611 shares of the company's stock valued at $30,000 after purchasing an additional 250 shares during the period. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $41.03 on Tuesday. Trip.com Group has a 1-year low of $38.04 and a 1-year high of $78.99. 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 stock has a market cap of $26.65 billion, a P/E ratio of 6.42, a P/E/G ratio of 3.27 and a beta of -0.05. The firm has a fifty day moving average price of $44.07 and a 200 day moving average price of $48.16.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.83 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 analyst estimates of $2.30 billion. During the same quarter in the prior year, the firm posted $0.82 earnings per share. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. Sell-side analysts predict that Trip.com Group will post 3.13 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.