Brokerages Set Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Price Target at $63.75

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have earned an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $63.75.

Several analysts have commented on TCOM shares. Bank of America reiterated a “buy” rating on shares of Trip.com Group in a research note on Wednesday, July 29th. JPMorgan Chase & Co. reduced their target price on Trip.com Group from $75.00 to $72.00 and set an “overweight” rating on the stock in a report on Tuesday, July 28th. Barclays decreased their target price on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. Citigroup dropped their price target on Trip.com Group from $64.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Benchmark restated a “buy” rating on shares of Trip.com Group in a report on Tuesday, July 28th.

Trip.com Group Trading Down 0.2%

Trip.com Group stock opened at $46.43 on Friday. The stock has a market cap of $30.16 billion, a P/E ratio of 7.27, a PEG ratio of 3.71 and a beta of -0.02. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.53 and a quick ratio of 1.53. Trip.com Group has a 1 year low of $38.04 and a 1 year high of $78.99. The firm’s 50 day moving average price is $44.22 and its 200-day moving average price is $49.29.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.Trip.com Group’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.82 EPS. On average, equities analysts predict that Trip.com Group will post 3.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TCOM. Brown Brothers Harriman & Co. raised its stake in Trip.com Group by 237.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares in the last quarter. First Horizon Corp lifted its position in Trip.com Group by 69.3% during the first quarter. First Horizon Corp now owns 611 shares of the company’s stock valued at $30,000 after purchasing an additional 250 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in shares of Trip.com Group in the 4th quarter worth $31,000. NewEdge Advisors LLC grew its stake in shares of Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock worth $36,000 after buying an additional 450 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Trip.com Group in the 2nd quarter worth about $37,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Company Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.