Group (NASDAQ:TCOM) Upgraded by Zacks Investment Research to Hold

Wednesday, September 15, 2021 | MarketBeat Group (NASDAQ:TCOM) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a report released on Wednesday, reports.

According to Zacks, " Group Limited is a one-stop travel service company. Its service consists of, Ctrip, Skyscanner and Qunar. The company's platform includes mobile apps, Internet websites and 24/7 customer service centers. Group Limited, formerly known as International Ltd., is based in Shanghai, the People's Republic of China. "

A number of other research firms have also issued reports on TCOM. BTIG Research reiterated a "hold" rating on shares of Group in a research note on Wednesday, June 23rd. Mizuho lifted their price objective on shares of Group from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, May 19th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Group has an average rating of "Buy" and a consensus target price of $43.77.

TCOM opened at $28.40 on Wednesday. The firm has a market capitalization of $17.03 billion, a P/E ratio of 29.58 and a beta of 1.30. The firm's 50 day moving average is $28.34 and its 200-day moving average is $35.01. Group has a 52-week low of $23.61 and a 52-week high of $45.19. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.23.

Institutional investors have recently added to or reduced their stakes in the business. Brinker Capital Investments LLC acquired a new position in Group in the first quarter worth $1,187,000. Edgestream Partners L.P. acquired a new position in shares of Group during the first quarter valued at $5,441,000. Teacher Retirement System of Texas acquired a new position in shares of Group during the second quarter valued at $1,290,000. Janus Henderson Group PLC boosted its holdings in shares of Group by 2,831.6% during the first quarter. Janus Henderson Group PLC now owns 514,110 shares of the company's stock valued at $20,372,000 after acquiring an additional 496,573 shares during the period. Finally, Harvest Volatility Management LLC boosted its holdings in shares of Group by 62.9% during the first quarter. Harvest Volatility Management LLC now owns 11,441 shares of the company's stock valued at $453,000 after acquiring an additional 4,418 shares during the period. 69.03% of the stock is owned by hedge funds and other institutional investors.

About Group Group Ltd. engages in the provision of travel-related services. It provides hotel accommodations, airline tickets, packaged tours, corporate travel management services, property management systems and advertising services. The company was founded by Jian Zhang Liang, Min Fan, Nan Peng Shen and Qi Ji in June 1999 and is headquartered in Shanghai, China.

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Analyst Recommendations for Group (NASDAQ:TCOM)

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