Trip.com Group Limited (NASDAQ:TCOM) Receives Consensus Recommendation of "Buy" from Brokerages

Shares of Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) have received a consensus rating of "Buy" from the twelve research firms that are currently covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $77.25.

A number of equities research analysts recently weighed in on the company. Benchmark reaffirmed a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, May 20th. JPMorgan Chase & Co. lowered their price target on shares of Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Wall Street Zen lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research note on Friday, May 2nd. Finally, Bank of America lifted their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st.

Trip.com Group Stock Down 0.6%

Shares of TCOM traded down $0.34 during mid-day trading on Monday, hitting $60.92. The company's stock had a trading volume of 1,832,657 shares, compared to its average volume of 3,921,451. The firm has a market capitalization of $39.80 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 0.67 and a beta of 0.09. The company's 50-day moving average is $59.99 and its 200-day moving average is $64.32. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group has a 52-week low of $38.23 and a 52-week high of $77.18.

Institutional Investors Weigh In On Trip.com Group

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its position in Trip.com Group by 125.5% during the fourth quarter. FMR LLC now owns 25,088,658 shares of the company's stock valued at $1,722,587,000 after acquiring an additional 13,964,875 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Trip.com Group by 1,609.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,920,955 shares of the company's stock valued at $821,514,000 after purchasing an additional 12,165,176 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Trip.com Group by 1,925.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company's stock worth $205,057,000 after buying an additional 2,839,142 shares in the last quarter. Wellington Management Group LLP grew its position in Trip.com Group by 92.9% during the fourth quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company's stock valued at $299,700,000 after buying an additional 2,101,937 shares during the period. Finally, Voya Investment Management LLC increased its holdings in Trip.com Group by 751.8% in the fourth quarter. Voya Investment Management LLC now owns 2,106,740 shares of the company's stock valued at $144,649,000 after buying an additional 1,859,401 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Company Profile

Trip.com Group Limited, through its subsidiaries, 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.