Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $62.4545.

TCOM has been the topic of a number of recent analyst reports. China Renaissance reaffirmed a “hold” rating and set a $42.00 price target on shares of Trip.com Group in a research note on Thursday, July 2nd. Barclays reduced their price objective on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, June 26th. Nomura lowered their target price on shares of Trip.com Group from $71.00 to $51.00 and set a “neutral” rating on the stock in a research report on Friday, June 26th. Jefferies Financial Group restated a “buy” rating and set a $63.00 target price on shares of Trip.com Group in a research report on Tuesday, July 28th. Finally, Benchmark reaffirmed a “buy” rating on shares of Trip.com Group in a report on Tuesday, July 28th.

Hedge Funds Weigh In On Trip.com Group

Several hedge funds have recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its stake in Trip.com Group by 237.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock valued at $29,000 after purchasing an additional 280 shares in the last quarter. TD Private Client Wealth LLC purchased a new stake in Trip.com Group during the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd grew its holdings in Trip.com Group by 601.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock valued at $42,000 after purchasing an additional 475 shares during the last quarter. NewEdge Advisors LLC grew 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 purchasing an additional 450 shares during the last quarter. Finally, First Horizon Corp increased its position in shares of Trip.com Group by 69.3% in the first quarter. First Horizon Corp now owns 611 shares of the company’s stock valued at $30,000 after buying an additional 250 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Trip.com Group stock opened at $41.03 on Tuesday. The stock’s 50 day moving average price is $44.07 and its 200 day moving average price is $48.16. Trip.com Group has a 1-year low of $38.04 and a 1-year high of $78.99. The company has a market cap of $26.65 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 3.27 and a beta of -0.05. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.53 and a quick ratio of 1.53.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The business had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the company posted $0.82 EPS. The company’s revenue was up 17.2% compared to the same quarter last year. On average, sell-side analysts predict that Trip.com Group will post 3.13 EPS for the current fiscal year.

Trip.com Group Company Profile

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.