Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have been given an average recommendation of “Moderate Buy” by the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $60.45.

TCOM has been the subject of a number of recent analyst reports. Citigroup decreased their price target on Trip.com Group from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. JPMorgan Chase & Co. cut their price objective on Trip.com Group from $72.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, September 17th. Benchmark reaffirmed a “buy” rating on shares of Trip.com Group in a research note on Tuesday, July 28th. Jefferies Financial Group reiterated a “buy” rating and issued a $63.00 target price on shares of Trip.com Group in a report on Tuesday, July 28th. Finally, TD Cowen upgraded shares of Trip.com Group to a “strong-buy” rating in a report on Monday, September 14th.

Trip.com Group Stock Up 1.0%

TCOM opened at $41.38 on Wednesday. The firm has a market cap of $26.88 billion and a PE ratio of 8.53. The business has a fifty day simple moving average of $40.29 and a 200-day simple moving average of $47.76. Trip.com Group has a fifty-two week low of $37.58 and a fifty-two week high of $78.99.

Trip.com Group (NASDAQ:TCOM) last issued its earnings results on Friday, August 14th. The company reported $1.07 earnings per share (EPS) for the quarter. The business had revenue of $2.31 billion for the quarter. Trip.com Group had a return on equity of 16.99% and a net margin of 36.07%. On average, equities research analysts anticipate that Trip.com Group will post 3.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

Hedge funds have recently made changes to their positions in the company. Sanders Capital LLC raised its position in Trip.com Group by 1.5% during the third quarter. Sanders Capital LLC now owns 10,714,647 shares of the company’s stock valued at $418,943,000 after buying an additional 154,083 shares during the period. Perseverance Asset Management International purchased a new stake in Trip.com Group in the 1st quarter worth about $33,608,000. ABN Amro Investment Solutions boosted its position in Trip.com Group by 91.5% during the 1st quarter. ABN Amro Investment Solutions now owns 493,968 shares of the company’s stock worth $24,595,000 after acquiring an additional 235,997 shares during the period. C WorldWide Group Holding A S boosted its position in Trip.com Group by 2.1% during the 2nd quarter. C WorldWide Group Holding A S now owns 613,630 shares of the company’s stock worth $24,447,000 after acquiring an additional 12,463 shares during the period. Finally, Sei Investments Co. grew its stake in Trip.com Group by 24.8% during the 1st quarter. Sei Investments Co. now owns 370,430 shares of the company’s stock valued at $18,444,000 after acquiring an additional 73,650 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Company Profile

Trip.com Group Limited (NASDAQ: TCOM) is a global online travel services company headquartered in China. Founded in 1999 as Ctrip, the company changed its name to Trip.com Group in 2019 to reflect its expanding international operations and portfolio of travel brands.

The company operates online platforms that help travelers research, plan and book trips. Its services include hotel and accommodation reservations, airline and train ticketing, vacation packages, attraction tickets, car rentals and other travel-related products.