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

Key Points

• Trip.com Group Limited (NASDAQ: TCOM) has received a consensus recommendation of "Buy" from thirteen analysts, with eleven ratings as "buy" and two as "strong buy."
• The average 12-month target price for the stock is $76.98, reflecting positive sentiment from analysts regarding the company's growth potential.
• Several institutional investors have significantly increased their stakes in Trip.com Group, with notable increases from Mirae Asset Global Investments and ARGA Investment Management.

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM - Get Free Report) have been given a consensus recommendation of "Buy" by the thirteen analysts that are currently covering the company, Marketbeat.com reports. Eleven analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $76.9818.

A number of analysts recently commented on TCOM shares. Zacks Research raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 4th. Mizuho increased their target price on shares of Trip.com Group from $78.00 to $81.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Sanford C. Bernstein boosted their price objective on shares of Trip.com Group from $75.00 to $78.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Finally, Barclays upped their target price on shares of Trip.com Group from $84.00 to $85.00 and gave the stock an "overweight" rating in a report on Friday, August 29th.

Hedge Funds Weigh In On Trip.com Group

Several hedge funds have recently added to or reduced their stakes in the business. Stone House Investment Management LLC acquired a new stake in Trip.com Group during the 1st quarter worth about $32,000. NewEdge Advisors LLC boosted its position in Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company's stock worth $36,000 after acquiring an additional 450 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company's stock valued at $41,000 after buying an additional 215 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Trip.com Group by 67.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 851 shares of the company's stock valued at $50,000 after acquiring an additional 342 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in shares of Trip.com Group during the 1st quarter worth $58,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Performance

Shares of TCOM stock traded down $0.70 during mid-day trading on Monday, reaching $77.82. The stock had a trading volume of 2,150,896 shares, compared to its average volume of 3,325,857. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07. The firm has a market cap of $50.84 billion, a PE ratio of 21.32, a P/E/G ratio of 3.24 and a beta of 0.03. The firm's 50 day simple moving average is $66.96 and its 200 day simple moving average is $62.78. Trip.com Group has a one year low of $49.01 and a one year high of $78.65.

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.