Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) has been given an average rating of “Moderate Buy” by the fourteen brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $60.45.

Several analysts have recently weighed in on TCOM shares. Mizuho lowered their price objective on shares of Trip.com Group from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 16th. Nomura reduced their target price on Trip.com Group from $51.00 to $44.00 and set a “neutral” rating on the stock in a research note on Thursday, September 17th. JPMorgan Chase & Co. lowered their price target on Trip.com Group from $72.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, September 17th. Benchmark reaffirmed a “buy” rating on shares of Trip.com Group in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $63.00 price objective on shares of Trip.com Group in a report on Tuesday, July 28th.

Trip.com Group Trading Up 2.5%

TCOM stock opened at $38.90 on Friday. The company’s 50 day moving average is $42.36 and its 200 day moving average is $45.94. The stock has a market cap of $25.27 billion, a price-to-earnings ratio of 8.02, a price-to-earnings-growth ratio of 3.09 and a beta of -0.04. Trip.com Group has a 1-year low of $37.58 and a 1-year high of $78.99.

Trip.com Group (NASDAQ:TCOM) last announced 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 business had revenue of $2.31 billion for the quarter. As a group, sell-side analysts forecast that Trip.com Group will post 3.07 EPS for the current fiscal year.

Institutional Trading of Trip.com Group

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in 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 acquiring an additional 218 shares during the last quarter. First Horizon Corp lifted its holdings in shares of Trip.com Group by 69.3% in the 1st quarter. First Horizon Corp now owns 611 shares of the company’s stock worth $30,000 after acquiring an additional 250 shares during the last quarter. Corient Private Wealth LP lifted its holdings in shares of Trip.com Group by 3.2% in the 2nd quarter. Corient Private Wealth LP now owns 10,312 shares of the company’s stock worth $411,000 after acquiring an additional 319 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Trip.com Group by 4.6% in the 1st quarter. NewEdge Advisors LLC now owns 7,259 shares of the company’s stock valued at $361,000 after purchasing an additional 321 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Trip.com Group by 7.5% in the 1st quarter. Parallel Advisors LLC now owns 6,195 shares of the company’s stock valued at $308,000 after purchasing an additional 433 shares in the last quarter. Institutional investors own 35.41% of the company’s stock.

About Trip.com Group

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in Shanghai, China. Formerly known as Ctrip.com International, the company adopted the Trip.com Group name in 2019 as it expanded its international presence. Its platform connects travelers with travel-related products and services in China and markets around the world.

The company provides accommodation reservations, transportation ticketing, packaged tours, and other travel services. Its offerings include hotel and lodging bookings, flights, train tickets, car rentals, attraction tickets, and vacation products.