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

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $77.50.

Several research analysts have issued reports on TCOM shares. Zacks Research lowered Trip.com Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Barclays reaffirmed an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th. TD Cowen cut their price objective on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings downgraded Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $75.00 price objective on shares of Trip.com Group in a research report on Thursday, February 26th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors increased its stake in Trip.com Group by 5.3% in the 3rd quarter. Capital World Investors now owns 37,884,726 shares of the company’s stock worth $2,849,066,000 after buying an additional 1,912,238 shares during the period. Sanders Capital LLC raised its stake in shares of Trip.com Group by 7.2% during the third quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock valued at $742,088,000 after acquiring an additional 662,230 shares in the last quarter. Capital International Investors raised its stake in shares of Trip.com Group by 0.6% during the third quarter. Capital International Investors now owns 6,379,206 shares of the company’s stock valued at $479,742,000 after acquiring an additional 37,916 shares in the last quarter. Davis Selected Advisers raised its stake in shares of Trip.com Group by 2.3% during the fourth quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock valued at $363,389,000 after acquiring an additional 111,944 shares in the last quarter. Finally, Cantillon Capital Management LLC raised its stake in shares of Trip.com Group by 1.4% during the fourth quarter. Cantillon Capital Management LLC now owns 4,669,778 shares of the company’s stock valued at $335,804,000 after acquiring an additional 63,637 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Price Performance

Trip.com Group stock opened at $47.43 on Friday. The firm has a 50-day moving average price of $51.14 and a 200-day moving average price of $59.89. The firm has a market capitalization of $30.81 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 3.26 and a beta of -0.03. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.07. Trip.com Group has a 12-month low of $45.92 and a 12-month high of $78.99.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Saturday, February 14th. The company reported $0.71 earnings per share (EPS) for the quarter. Trip.com Group had a net margin of 53.28% and a return on equity of 18.56%. The firm had revenue of $2.20 billion during the quarter. As a group, equities research analysts forecast that Trip.com Group will post 3.61 EPS for the current year.

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.