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

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have received a consensus recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine 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 $62.4545.

TCOM has been the topic of several analyst reports. Benchmark reiterated a “buy” rating on shares of Trip.com Group in a report on Tuesday, July 28th. Jefferies Financial Group restated a “buy” rating and issued a $63.00 price objective on shares of Trip.com Group in a research note on Tuesday, July 28th. Weiss Ratings downgraded shares of Trip.com Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 31st. Mizuho lowered their target price on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Finally, Citigroup lowered their target price on shares of Trip.com Group from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $39.08 on Tuesday. Trip.com Group has a fifty-two week low of $38.04 and a fifty-two week high of $78.99. The business has a 50-day moving average of $43.92 and a two-hundred day moving average of $47.61. The stock has a market capitalization of $25.39 billion, a P/E ratio of 6.12, a P/E/G ratio of 3.11 and a beta of -0.05. 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 (NASDAQ:TCOM) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Trip.com Group had a net margin of 48.26% and a return on equity of 17.57%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue was up 17.2% on a year-over-year basis. On average, equities research analysts predict that Trip.com Group will post 3.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Trip.com Group

Institutional investors have recently made changes to their positions in the business. Tidal Investments LLC raised its position in shares of Trip.com Group by 13.1% during the second quarter. Tidal Investments LLC now owns 151,316 shares of the company’s stock valued at $6,028,000 after buying an additional 17,549 shares during the last quarter. C WorldWide Group Holding A S lifted its stake in shares of Trip.com Group by 2.1% in the second quarter. C WorldWide Group Holding A S now owns 613,630 shares of the company’s stock valued at $24,447,000 after buying an additional 12,463 shares during the period. Corient Private Wealth LP grew its position in Trip.com Group by 3.2% during the second quarter. Corient Private Wealth LP now owns 10,312 shares of the company’s stock worth $411,000 after buying an additional 319 shares in the last quarter. B. Metzler seel. Sohn & Co. AG grew its position in Trip.com Group by 10.9% during the second quarter. B. Metzler seel. Sohn & Co. AG now owns 23,546 shares of the company’s stock worth $938,000 after buying an additional 2,307 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Trip.com Group during the second quarter valued at about $5,210,000. 35.41% of the stock is currently owned by institutional investors.

About Trip.com Group

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in China. Originally founded as Ctrip in 1999, the company has expanded its operations and brands to serve travelers in China and international markets.

Through its Trip.com, Ctrip, Qunar and Skyscanner platforms, Trip.com Group provides hotel and accommodation bookings, transportation reservations, including air, rail and car services, vacation packages, guided tours and other travel-related products.