Analysts Set Trip.com Group Limited (NASDAQ:TCOM) PT at $77.25

Trip.com Group Limited (NASDAQ:TCOM) has been given an average rating of “Buy” by the twelve analysts that are presently covering the company, Marketbeat reports. Ten research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $77.25.

A number of research firms have recently commented on TCOM. Mizuho upgraded Trip.com Group to a “strong-buy” rating in a report on Friday, May 2nd. TD Securities increased their target price on Trip.com Group from $67.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. JPMorgan Chase & Co. lowered their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Wall Street Zen lowered Trip.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 26th. Finally, Bank of America increased their target price on Trip.com Group from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st.

Trip.com Group Stock Performance

Trip.com Group stock opened at $61.26 on Monday. The stock’s 50-day moving average is $59.99 and its 200-day moving average is $64.32. The company has a market cap of $40.02 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 0.67 and a beta of 0.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. Trip.com Group has a 12 month low of $38.23 and a 12 month high of $77.18.

Institutional Trading of Trip.com Group

Several hedge funds have recently made changes to their positions in the stock. abrdn plc raised its stake in Trip.com Group by 0.5% during the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after acquiring an additional 150 shares in the last quarter. Cetera Investment Advisers raised its stake in Trip.com Group by 0.7% during the 1st quarter. Cetera Investment Advisers now owns 22,704 shares of the company’s stock valued at $1,444,000 after acquiring an additional 166 shares in the last quarter. Principal Securities Inc. raised its stake in Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after acquiring an additional 169 shares in the last quarter. Rhumbline Advisers raised its stake in Trip.com Group by 1.6% during the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock valued at $825,000 after acquiring an additional 184 shares in the last quarter. Finally, Blair William & Co. IL raised its stake in Trip.com Group by 4.3% during the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company’s stock valued at $367,000 after acquiring an additional 219 shares in the last quarter. 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.