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

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $63.20.

Several equities research analysts recently issued reports on the company. Barclays decreased their price target on Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Benchmark lowered their target price on shares of Trip.com Group from $72.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Bank of America cut their price target on shares of Trip.com Group from $78.00 to $64.00 and set a “buy” rating on the stock in a report on Monday, June 29th. Mizuho decreased their price objective on shares of Trip.com Group from $79.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, June 25th. Finally, Nomura cut their target price on Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a research note on Friday, June 26th.

Trip.com Group Price Performance

Trip.com Group stock opened at $43.64 on Monday. The firm has a market capitalization of $28.35 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 3.34 and a beta of -0.03. The firm’s fifty day moving average price is $44.90 and its two-hundred day moving average price is $52.06. Trip.com Group has a 1-year low of $38.04 and a 1-year high of $78.99. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.06.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The company’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS. On average, equities research analysts predict that Trip.com Group will post 3.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

A number of hedge funds have recently made changes to their positions in the business. TT International Asset Management LTD bought a new stake in Trip.com Group in the fourth quarter worth about $3,247,000. Robeco Institutional Asset Management B.V. increased its stake in shares of Trip.com Group by 10.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,022,009 shares of the company’s stock worth $73,493,000 after purchasing an additional 97,866 shares during the last quarter. APEIRON CAPITAL Ltd bought a new stake in shares of Trip.com Group in the 1st quarter worth approximately $3,485,000. Boston Common Asset Management LLC lifted its stake in Trip.com Group by 104.1% in the fourth quarter. Boston Common Asset Management LLC now owns 335,934 shares of the company’s stock valued at $24,157,000 after purchasing an additional 171,358 shares during the last quarter. Finally, Osborne Partners Capital Management LLC lifted its stake in Trip.com Group by 21.9% in the fourth quarter. Osborne Partners Capital Management LLC now owns 175,820 shares of the company’s stock valued at $12,643,000 after purchasing an additional 31,620 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

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.