Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Stock Has Average Target Price of $60.45

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $60.45.

Several equities analysts have recently weighed in on the stock. Bank of America reaffirmed a “buy” rating on shares of Trip.com Group in a report on Wednesday, July 29th. Weiss Ratings downgraded shares of Trip.com Group from a “hold (c-)” rating to a “sell (d)” rating in a report on Wednesday, September 16th. Mizuho dropped their price target 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. HSBC cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Thursday, September 3rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $63.00 price objective on shares of Trip.com Group in a research report on Tuesday, July 28th.

Trip.com Group Stock Up 1.8%

Trip.com Group stock opened at $38.79 on Friday. The business’s 50-day moving average price is $42.99 and its 200 day moving average price is $46.27. The firm has a market cap of $25.20 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 3.11 and a beta of -0.04. Trip.com Group has a 52 week low of $38.01 and a 52 week high of $78.99.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Friday, August 14th. The company reported $1.07 earnings per share (EPS) for the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%.The company had revenue of $2.31 billion during the quarter. Equities analysts expect that Trip.com Group will post 3.07 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TCOM. Cantillon Capital Management LLC raised its position in shares of Trip.com Group by 1.4% during the 4th quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock worth $335,804,000 after purchasing an additional 63,637 shares during the last quarter. Temasek Holdings Private Ltd boosted its holdings in Trip.com Group by 67.1% in the 4th quarter. Temasek Holdings Private Ltd now owns 2,239,671 shares of the company’s stock worth $161,055,000 after buying an additional 899,469 shares during the last quarter. Perseverance Asset Management International purchased a new stake in Trip.com Group during the 1st quarter worth approximately $33,608,000. Triata Capital Ltd increased its stake in Trip.com Group by 28.3% during the 4th quarter. Triata Capital Ltd now owns 343,893 shares of the company’s stock worth $24,729,000 after buying an additional 75,793 shares in the last quarter. Finally, ABN Amro Investment Solutions raised its holdings in shares of Trip.com Group by 91.5% during the first quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company’s stock valued at $24,595,000 after acquiring an additional 235,997 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

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.