Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Given Average Rating of “Moderate Buy” by Analysts

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) has earned an average rating of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $63.20.

A number of analysts recently issued reports on the company. Barclays dropped their price objective on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. Bank of America reduced their target price on Trip.com Group from $78.00 to $64.00 and set a “buy” rating for the company in a report on Monday, June 29th. Citigroup decreased their price target on Trip.com Group from $82.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Nomura lowered their price target on shares of Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a report on Friday, June 26th. Finally, Mizuho cut their price objective on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, June 25th.

Trip.com Group Stock Performance

Shares of TCOM stock opened at $42.45 on Monday. The stock has a market capitalization of $27.57 billion, a price-to-earnings ratio of 6.64, a PEG ratio of 3.25 and a beta of -0.03. The company’s fifty day simple moving average is $45.69 and its two-hundred day simple moving average is $53.11. Trip.com Group has a 1 year low of $38.04 and a 1 year high of $78.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.53 and a quick ratio of 1.53.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Thursday, June 25th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.Trip.com Group’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 earnings per share. As a group, analysts anticipate that Trip.com Group will post 3.27 earnings per share for the current year.

Institutional Trading of Trip.com Group

Several institutional investors and hedge funds have recently bought and sold shares of TCOM. Royal Bank of Canada raised its stake in 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. NewEdge Advisors LLC increased its holdings in shares of 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 buying an additional 450 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Trip.com Group by 332.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock worth $2,549,000 after buying an additional 30,819 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Trip.com Group by 44.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after buying an additional 215 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in shares of Trip.com Group during the 2nd quarter worth $215,000. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Company Profile

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.