Brokerages Set Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) PT at $76.98

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have been given an average rating of “Buy” by the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $76.9818.

TCOM has been the topic of a number of research analyst reports. Mizuho lifted their target price on Trip.com Group from $78.00 to $81.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Sanford C. Bernstein lifted their target price on Trip.com Group from $75.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Barclays lifted their price target on Trip.com Group from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 29th. Finally, Zacks Research raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 4th.

Hedge Funds Weigh In On Trip.com Group

Institutional investors have recently bought and sold shares of the stock. Stone House Investment Management LLC purchased a new position in Trip.com Group in the 1st quarter worth about $32,000. NewEdge Advisors LLC increased its stake in 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 purchasing an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares in the last quarter. First Horizon Advisors Inc. boosted its position in Trip.com Group by 67.2% during the 2nd quarter. First Horizon Advisors Inc. now owns 851 shares of the company’s stock worth $50,000 after acquiring an additional 342 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in Trip.com Group during the 1st quarter worth about $58,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $75.92 on Monday. The business’s 50-day moving average price is $68.02 and its 200 day moving average price is $63.19. The firm has a market cap of $49.60 billion, a P/E ratio of 20.80, a PEG ratio of 3.13 and a beta of 0.03. Trip.com Group has a 52-week low of $51.35 and a 52-week high of $78.65. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.07.

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.