Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Receives $81.25 Consensus Target Price from Brokerages

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) has received an average rating of “Buy” from the ten analysts that are covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $81.25.

Several equities research analysts have recently commented on TCOM shares. Bank of America upped their price target on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Citigroup upped their price objective on shares of Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, November 19th. Zacks Research raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Benchmark boosted their price target on shares of Trip.com Group from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, Barclays raised their price objective on shares of Trip.com Group from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, November 19th.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $62.44 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. Trip.com Group has a one year low of $51.35 and a one year high of $78.99. The company has a 50-day simple moving average of $70.16 and a 200-day simple moving average of $69.62. The stock has a market capitalization of $40.79 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 2.27 and a beta of -0.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TCOM. Capital World Investors lifted its holdings in Trip.com Group by 5.3% in the third quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock valued at $2,849,066,000 after acquiring an additional 1,912,238 shares during the period. Sanders Capital LLC lifted its stake in shares of Trip.com Group by 7.2% in the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock valued at $742,088,000 after purchasing an additional 662,230 shares during the period. Capital International Investors boosted its holdings in Trip.com Group by 0.6% during the third quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock worth $479,742,000 after buying an additional 37,916 shares in the last quarter. ARGA Investment Management LP boosted its holdings in Trip.com Group by 41.2% during the second quarter. ARGA Investment Management LP now owns 6,044,104 shares of the company’s stock worth $354,426,000 after buying an additional 1,763,562 shares in the last quarter. Finally, Davis Selected Advisers grew its position in Trip.com Group by 1.8% during the second quarter. Davis Selected Advisers now owns 4,949,468 shares of the company’s stock worth $290,237,000 after buying an additional 86,471 shares during the period. Institutional investors and hedge funds own 35.41% of the company’s stock.

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.