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

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) has been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $81.25.

TCOM has been the topic of several research analyst reports. Zacks Research raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Bank of America raised their price target on shares of Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Citigroup lifted their price target on shares of Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th. Finally, Barclays increased their price objective on Trip.com Group from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 19th.

Hedge Funds Weigh In On Trip.com Group

Several large investors have recently modified their holdings of the business. State of Wyoming purchased a new stake in shares of Trip.com Group during the 1st quarter valued at approximately $335,000. Baird Financial Group Inc. boosted its holdings in shares of Trip.com Group by 4.7% in the first quarter. Baird Financial Group Inc. now owns 5,828 shares of the company’s stock worth $371,000 after acquiring an additional 261 shares during the period. Royal Bank of Canada grew its position in shares of Trip.com Group by 22.9% in the first quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock valued at $2,068,000 after purchasing an additional 6,062 shares in the last quarter. Aprio Wealth Management LLC bought a new stake in shares of Trip.com Group during the 1st quarter valued at $201,000. Finally, Amundi lifted its holdings in Trip.com Group by 38.1% during the 1st quarter. Amundi now owns 1,375,621 shares of the company’s stock worth $84,188,000 after purchasing an additional 379,498 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

Trip.com Group stock opened at $76.10 on Wednesday. Trip.com Group has a 52 week low of $51.35 and a 52 week high of $78.65. The company’s 50 day moving average price is $71.62 and its two-hundred day moving average price is $68.84. The stock has a market cap of $49.71 billion, a P/E ratio of 12.18, a P/E/G ratio of 2.47 and a beta of -0.13. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.06.

About Trip.com Group

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.