Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Receives Consensus Rating of “Moderate Buy” from Analysts

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $77.50.

Several analysts have weighed in on TCOM shares. TD Cowen decreased their price objective on shares of Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Barclays reaffirmed an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research note on Thursday, February 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $75.00 price objective on shares of Trip.com Group in a research note on Thursday, February 26th. Weiss Ratings cut shares of Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Finally, Benchmark decreased their price target on shares of Trip.com Group from $82.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th.

Hedge Funds Weigh In On Trip.com Group

Several large investors have recently bought and sold shares of TCOM. Royal Bank of Canada lifted its holdings 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 buying an additional 6,062 shares during the period. NewEdge Advisors LLC lifted its holdings in Trip.com Group by 384.6% in the first quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after buying an additional 450 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Trip.com Group by 332.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock valued at $2,549,000 after buying an additional 30,819 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Trip.com Group by 44.2% in the second quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock valued at $41,000 after buying an additional 215 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in Trip.com Group in the second quarter valued at approximately $215,000. 35.41% of the stock is currently owned by institutional investors and hedge funds.

Trip.com Group Price Performance

Shares of Trip.com Group stock opened at $47.69 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $30.98 billion, a price-to-earnings ratio of 7.12, a P/E/G ratio of 3.33 and a beta of -0.07. Trip.com Group has a 1-year low of $45.92 and a 1-year high of $78.99. The firm’s 50-day moving average price is $50.82 and its two-hundred day moving average price is $58.99.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings data on Saturday, February 14th. The company reported $0.71 earnings per share for the quarter. The firm had revenue of $2.20 billion for the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. On average, equities analysts predict that Trip.com Group will post 3.61 earnings per share for the current fiscal year.

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.