Trip.com Group Limited (NASDAQ:TCOM) Given Consensus Rating of “Buy” by Brokerages

Shares of Trip.com Group Limited (NASDAQ:TCOM) have received an average rating of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $74.78.

A number of brokerages have recently issued reports on TCOM. Barclays raised their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. TD Cowen upped their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Mizuho lifted their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Benchmark restated a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a report on Tuesday. Finally, StockNews.com upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th.

Trip.com Group Stock Up 1.1 %

NASDAQ TCOM opened at $64.40 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The business’s fifty day simple moving average is $67.36 and its 200-day simple moving average is $56.88. Trip.com Group has a 52 week low of $34.42 and a 52 week high of $77.18. The firm has a market cap of $41.48 billion, a PE ratio of 19.28, a P/E/G ratio of 1.09 and a beta of 0.38.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after purchasing an additional 2,749,365 shares during the last quarter. Sanders Capital LLC grew its position in Trip.com Group by 34.7% in the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after buying an additional 2,462,767 shares during the last quarter. ARGA Investment Management LP boosted its holdings in shares of Trip.com Group by 46.9% in the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after acquiring an additional 1,884,044 shares in the last quarter. Cantillon Capital Management LLC boosted its holdings in Trip.com Group by 14.9% in the 3rd quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock valued at $289,328,000 after purchasing an additional 629,508 shares in the last quarter. Finally, CoreView Capital Management Ltd grew its holdings in Trip.com Group by 15.8% during the third quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock worth $277,905,000 after acquiring an additional 639,000 shares during the period. Hedge funds and other institutional investors own 35.41% of the company’s stock.

About Trip.com Group

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.