Trip.com Group Limited (NASDAQ:TCOM) Receives $74.18 Average Price Target from Analysts

Trip.com Group Limited (NASDAQ:TCOM) has earned a consensus recommendation of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $74.18.

A number of research analysts recently commented on the company. TD Cowen raised their price target on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Tuesday, November 19th. Macquarie upped their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Benchmark lifted their price objective on shares of Trip.com Group from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Barclays upped their target price on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th.

Hedge Funds Weigh In On Trip.com Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Trip.com Group during the third quarter worth about $38,000. Fifth Third Bancorp grew its holdings in Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock worth $50,000 after acquiring an additional 986 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Trip.com Group by 72.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after acquiring an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Trip.com Group during the second quarter valued at $66,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Trip.com Group during the second quarter worth $74,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Trip.com Group Trading Down 0.2 %

Shares of NASDAQ:TCOM opened at $72.44 on Monday. The company has a market capitalization of $46.66 billion, a P/E ratio of 21.69, a P/E/G ratio of 1.10 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The business’s 50 day simple moving average is $65.68 and its 200 day simple moving average is $54.71. Trip.com Group has a 1 year low of $33.67 and a 1 year high of $77.18.

Trip.com Group Company Profile

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.