Trip.com Group Limited Sponsored ADR (TCOM) – What Are Analysts Saying About This Stock?

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have earned an average recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $60.45.

Several equities research analysts have issued reports on TCOM shares. Citigroup dropped their price objective on Trip.com Group from $64.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and set a $63.00 price target on shares of Trip.com Group in a research note on Tuesday, July 28th. Nomura cut their target price on shares of Trip.com Group from $51.00 to $44.00 and set a “neutral” rating on the stock in a report on Thursday, September 17th. HSBC downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 3rd. Finally, Weiss Ratings lowered shares of Trip.com Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Wednesday, September 16th.

Trip.com Group Stock Performance

TCOM stock opened at $39.59 on Wednesday. The business’s 50 day moving average price is $40.48 and its two-hundred day moving average price is $48.04. Trip.com Group has a fifty-two week low of $37.58 and a fifty-two week high of $78.99. The company has a market capitalization of $25.72 billion and a price-to-earnings ratio of 8.16.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Friday, August 14th. The company reported $1.07 earnings per share for the quarter. Trip.com Group had a net margin of 36.07% and a return on equity of 16.99%. The firm had revenue of $2.31 billion for the quarter. Sell-side analysts forecast that Trip.com Group will post 3.07 earnings per share for the current year.

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 the company. First Horizon Corp grew its stake in Trip.com Group by 69.3% in 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 in the last quarter. FNY Investment Advisers LLC purchased a new stake in Trip.com Group in the 2nd quarter worth $37,000. EverSource Wealth Advisors LLC boosted its stake in shares of Trip.com Group by 24.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,127 shares of the company’s stock valued at $56,000 after purchasing an additional 218 shares in the last quarter. Provenance Wealth Advisors LLC acquired a new position in shares of Trip.com Group in the third quarter worth about $64,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Trip.com Group during the third quarter valued at about $120,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Company Profile

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in China. Founded in 1999 as Ctrip, the company changed its name to Trip.com Group in 2019 to reflect its expanding international operations and portfolio of travel brands.

The company operates online platforms that help travelers research, plan and book trips. Its services include hotel and accommodation reservations, airline and train ticketing, vacation packages, attraction tickets, car rentals and other travel-related products.