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

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Get Free Report) have earned a consensus rating of "Buy" from the twelve research firms that are presently covering the firm, MarketBeat.com 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 brokerages that have issued a report on the stock in the last year is $77.25.

TCOM has been the topic of several research reports. Wall Street Zen downgraded Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. TD Securities upped their price objective on shares of Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Bank of America raised their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Mizuho raised shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Finally, Benchmark reissued a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, May 20th.

Trip.com Group Trading Down 0.5%

NASDAQ TCOM opened at $58.80 on Friday. The stock has a market cap of $38.41 billion, a PE ratio of 17.04, a PEG ratio of 2.79 and a beta of 0.07. Trip.com Group has a 12 month low of $38.23 and a 12 month high of $77.18. The company's 50-day moving average price is $61.13 and its 200-day moving average price is $63.25. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On Trip.com Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TCOM. FMR LLC raised its position in shares of Trip.com Group by 125.5% during the 4th quarter. FMR LLC now owns 25,088,658 shares of the company's stock worth $1,722,587,000 after purchasing an additional 13,964,875 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Trip.com Group by 1,609.6% during 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 buying an additional 12,165,176 shares during the period. Schroder Investment Management Group raised its position in Trip.com Group by 2.1% in the fourth quarter. Schroder Investment Management Group now owns 10,196,836 shares of the company's stock valued at $700,115,000 after purchasing an additional 213,381 shares during the period. Sanders Capital LLC grew its position in Trip.com Group by 1.4% in the 4th quarter. Sanders Capital LLC now owns 9,697,846 shares of the company's stock valued at $665,854,000 after acquiring an additional 131,443 shares in the last quarter. Finally, FIL Ltd increased its stake in Trip.com Group by 8.8% during the 4th quarter. FIL Ltd now owns 8,453,025 shares of the company's stock worth $580,385,000 after buying an additional 684,364 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

About Trip.com Group

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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