Trip.com Group Limited (NASDAQ:TCOM) Receives $52.88 Average PT from Brokerages

Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $52.88.

TCOM has been the subject of a number of recent research reports. UBS Group lifted their price objective on Trip.com Group from $48.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Barclays upped their price target on Trip.com Group from $56.00 to $60.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. Citigroup upped their price target on Trip.com Group from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, April 1st. Mizuho increased their target price on Trip.com Group from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Finally, StockNews.com raised Trip.com Group from a "hold" rating to a "buy" rating in a research report on Friday, February 23rd.

Hedge Funds Weigh In On Trip.com Group

Institutional investors have recently bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. grew its stake in Trip.com Group by 136.0% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 298,950 shares of the company's stock valued at $6,424,000 after acquiring an additional 172,253 shares during the period. Advisor Group Holdings Inc. grew its position in Trip.com Group by 19.7% during the first quarter. Advisor Group Holdings Inc. now owns 6,496 shares of the company's stock worth $152,000 after buying an additional 1,068 shares in the last quarter. American Century Companies Inc. grew its position in Trip.com Group by 102.8% during the first quarter. American Century Companies Inc. now owns 102,370 shares of the company's stock worth $2,367,000 after buying an additional 51,896 shares in the last quarter. Natixis Advisors L.P. lifted its stake in Trip.com Group by 9.2% during the first quarter. Natixis Advisors L.P. now owns 27,367 shares of the company's stock worth $632,000 after purchasing an additional 2,312 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Trip.com Group by 18.1% in the 1st quarter. BlackRock Inc. now owns 25,456,730 shares of the company's stock valued at $588,559,000 after acquiring an additional 3,893,531 shares during the last quarter. Institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Down 0.5 %

Shares of TCOM stock traded down $0.25 during trading hours on Wednesday, reaching $48.75. 2,536,356 shares of the stock were exchanged, compared to its average volume of 3,901,702. The business's fifty day moving average is $43.56 and its two-hundred day moving average is $37.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.17. Trip.com Group has a 12-month low of $30.70 and a 12-month high of $49.92. The firm has a market capitalization of $31.50 billion, a P/E ratio of 23.55 and a beta of 0.56.

Trip.com Group (NASDAQ:TCOM - Get Free Report) 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 return on equity of 9.35% and a net margin of 22.43%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. As a group, research analysts expect that Trip.com Group will post 2.54 EPS for the current fiscal year.

About Trip.com Group

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.