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

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been assigned an average recommendation of “Buy” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $77.25.

A number of brokerages recently issued reports on TCOM. Mizuho upgraded Trip.com Group to a “strong-buy” rating in a research note on Friday, May 2nd. TD Securities boosted their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday. StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. Benchmark reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday. Finally, Bank of America boosted their target price on shares of Trip.com Group from $68.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday.

Trip.com Group Stock Performance

Shares of TCOM opened at $62.25 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $40.67 billion, a PE ratio of 18.64, a PEG ratio of 0.67 and a beta of 0.08. Trip.com Group has a 1 year low of $38.23 and a 1 year high of $77.18. The stock’s fifty day moving average price is $60.40 and its two-hundred day moving average price is $64.55.

Trip.com Group Dividend Announcement

The company also recently declared a — dividend, which was paid on Friday, April 4th. Shareholders of record on Monday, March 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group’s payout ratio is 8.02%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. abrdn plc boosted its stake in Trip.com Group by 0.5% during the fourth quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after buying an additional 150 shares during the period. Cetera Investment Advisers boosted its position in shares of Trip.com Group by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 22,704 shares of the company’s stock valued at $1,444,000 after acquiring an additional 166 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of Trip.com Group by 46.8% during the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after purchasing an additional 169 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Trip.com Group by 1.6% during the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock worth $825,000 after purchasing an additional 184 shares in the last quarter. Finally, Blair William & Co. IL increased its position in shares of Trip.com Group by 4.3% in the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company’s stock worth $367,000 after purchasing an additional 219 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

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.