Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Trip.com Group Limited (NASDAQ: TCOM) has received an average recommendation of "Buy" from fourteen brokerages, with one hold, eleven buy, and two strong buy ratings.
• Analysts have upgraded their price targets for Trip.com Group, with Barclays raising it to $85.00 and Mizuho to $81.00, indicating positive sentiment around the stock's performance.
• The company has shown significant institutional investor interest, with Vontobel Holding Limited increasing its holdings by 16.0% in the third quarter, reflecting growing confidence in the stock.

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Get Free Report) has been assigned an average rating of "Buy" from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $76.9818.

A number of research firms recently issued reports on TCOM. Sanford C. Bernstein boosted their target price on shares of Trip.com Group from $75.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Zacks Research raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 4th. Barclays boosted their price target on Trip.com Group from $84.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Weiss Ratings reissued a "hold (c+)" rating on shares of Trip.com Group in a report on Wednesday, October 8th. Finally, Mizuho boosted their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th.

Trip.com Group Trading Up 0.5%

Trip.com Group stock opened at $70.19 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. Trip.com Group has a 52 week low of $51.35 and a 52 week high of $78.65. The company has a market capitalization of $45.85 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 2.88 and a beta of 0.03. The stock has a 50-day moving average price of $70.68 and a 200 day moving average price of $63.97.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vontobel Holding Ltd. raised its holdings in Trip.com Group by 16.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,305,417 shares of the company's stock worth $98,167,000 after purchasing an additional 180,300 shares during the period. Lester Murray Antman dba SimplyRich raised its stake in shares of Trip.com Group by 68.4% during the 3rd quarter. Lester Murray Antman dba SimplyRich now owns 10,415 shares of the company's stock worth $783,000 after buying an additional 4,232 shares during the period. Corient Private Wealth LLC raised its stake in shares of Trip.com Group by 4.1% during the 2nd quarter. Corient Private Wealth LLC now owns 8,595 shares of the company's stock worth $504,000 after buying an additional 342 shares during the period. Osaic Holdings Inc. raised its stake in shares of Trip.com Group by 2.1% during the 2nd quarter. Osaic Holdings Inc. now owns 24,718 shares of the company's stock worth $1,468,000 after buying an additional 510 shares during the period. Finally, Advisory Services Network LLC raised its position in Trip.com Group by 2.1% during the second quarter. Advisory Services Network LLC now owns 8,438 shares of the company's stock worth $523,000 after acquiring an additional 176 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

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.

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