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

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have received an average rating of “Buy” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $81.25.

TCOM has been the topic of several recent research reports. Benchmark raised their target price on shares of Trip.com Group from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Zacks Research raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 3rd. Citigroup raised their price objective on Trip.com Group from $85.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 19th. Barclays raised their price objective on Trip.com Group from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, November 19th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Trip.com Group in a research report on Monday.

Trip.com Group Price Performance

NASDAQ:TCOM opened at $72.32 on Wednesday. Trip.com Group has a 52 week low of $51.35 and a 52 week high of $78.65. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. The company has a 50-day moving average of $71.44 and a 200-day moving average of $68.28. The company has a market capitalization of $47.24 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.52 and a beta of -0.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC raised its stake in shares of Trip.com Group by 2.1% in the second quarter. Advisory Services Network LLC now owns 8,438 shares of the company’s stock valued at $523,000 after buying an additional 176 shares during the period. Legacy Wealth Asset Management LLC grew its holdings in shares of Trip.com Group by 2.1% during the second quarter. Legacy Wealth Asset Management LLC now owns 8,934 shares of the company’s stock worth $524,000 after purchasing an additional 184 shares in the last quarter. Frank Rimerman Advisors LLC raised its stake in shares of Trip.com Group by 1.7% during the second quarter. Frank Rimerman Advisors LLC now owns 10,958 shares of the company’s stock worth $643,000 after acquiring an additional 185 shares in the last quarter. Blair William & Co. IL raised its position in Trip.com Group by 3.9% in the 2nd quarter. Blair William & Co. IL now owns 5,398 shares of the company’s stock worth $317,000 after purchasing an additional 205 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Trip.com Group by 44.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 701 shares of the company’s stock worth $41,000 after purchasing an additional 215 shares during the period. 35.41% of the stock is owned by institutional investors.

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.