Brokerages Set Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) PT at $81.25

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) has been assigned a consensus rating of “Buy” from the ten ratings firms that are covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $81.25.

TCOM has been the topic of a number of recent analyst reports. Benchmark lifted their price objective on Trip.com Group from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th. Bank of America lifted their price target on shares of Trip.com Group from $83.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Barclays upped their price objective on shares of Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, November 19th. Finally, Citigroup lifted their target price on shares of Trip.com Group from $85.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 19th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TCOM. First Horizon Corp bought a new stake in shares of Trip.com Group during the third quarter valued at approximately $27,000. Brown Brothers Harriman & Co. lifted its position in Trip.com Group by 237.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after buying an additional 280 shares during the period. TD Private Client Wealth LLC purchased a new position in Trip.com Group during the fourth quarter valued at $31,000. NewEdge Advisors LLC boosted its holdings in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after buying an additional 450 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of 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 buying an additional 215 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Stock Performance

Trip.com Group stock opened at $52.93 on Thursday. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.06. The firm has a market cap of $34.58 billion, a P/E ratio of 8.47, a P/E/G ratio of 3.85 and a beta of -0.14. Trip.com Group has a 1-year low of $51.35 and a 1-year high of $78.99. The firm has a 50-day moving average of $65.28 and a 200-day moving average of $68.94.

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.