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

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) have earned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $63.20.

Several brokerages have weighed in on TCOM. Barclays decreased their price objective on shares of Trip.com Group from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Citigroup reduced their price target on shares of Trip.com Group from $82.00 to $64.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. Bank of America decreased their price target on Trip.com Group from $78.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, June 29th. Benchmark lowered their price objective on Trip.com Group from $72.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Finally, China Renaissance restated a “hold” rating and set a $42.00 price objective on shares of Trip.com Group in a research note on Thursday, July 2nd.

Institutional Investors Weigh In On Trip.com Group

A number of institutional investors have recently made changes to their positions in the company. TT International Asset Management LTD acquired a new position in shares of Trip.com Group in the 4th quarter valued at about $3,247,000. Robeco Institutional Asset Management B.V. grew its position in shares of Trip.com Group by 10.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,022,009 shares of the company’s stock valued at $73,493,000 after buying an additional 97,866 shares during the last quarter. APEIRON CAPITAL Ltd acquired a new stake in Trip.com Group during the first quarter worth about $3,485,000. Boston Common Asset Management LLC raised its stake in Trip.com Group by 104.1% during the fourth quarter. Boston Common Asset Management LLC now owns 335,934 shares of the company’s stock worth $24,157,000 after acquiring an additional 171,358 shares during the period. Finally, Osborne Partners Capital Management LLC lifted its holdings in Trip.com Group by 21.9% in the fourth quarter. Osborne Partners Capital Management LLC now owns 175,820 shares of the company’s stock worth $12,643,000 after acquiring an additional 31,620 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Performance

Shares of TCOM opened at $43.64 on Monday. The firm has a market cap of $28.35 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 3.29 and a beta of -0.03. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $44.90 and its two-hundred day moving average is $52.22. Trip.com Group has a 52-week low of $38.04 and a 52-week high of $78.99.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.30 billion. Trip.com Group had a return on equity of 17.57% and a net margin of 48.26%.The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.82 EPS. Analysts forecast that Trip.com Group will post 3.27 EPS for the current fiscal year.

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.