Brokerages Set Trip.com Group Limited (NASDAQ:TCOM) Target Price at $62.50

Trip.com Group Limited (NASDAQ:TCOM) has received an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $62.50.

Several research analysts have commented on TCOM shares. Barclays raised their price target on shares of Trip.com Group from $60.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, May 22nd. Benchmark restated a “buy” rating and set a $72.00 target price on shares of Trip.com Group in a research report on Tuesday, August 27th. Mizuho upped their target price on Trip.com Group from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. TD Cowen dropped their price target on Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday, August 27th. Finally, StockNews.com cut shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TCOM. Capital World Investors boosted its holdings in Trip.com Group by 40.4% during the 4th quarter. Capital World Investors now owns 38,395,626 shares of the company’s stock valued at $1,382,592,000 after acquiring an additional 11,039,672 shares during the period. Schroder Investment Management Group boosted its stake in shares of Trip.com Group by 3,752.1% during the fourth quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock valued at $356,006,000 after purchasing an additional 9,629,673 shares during the period. Brilliance Asset Management Ltd. grew its holdings in shares of Trip.com Group by 433.6% in the fourth quarter. Brilliance Asset Management Ltd. now owns 1,904,603 shares of the company’s stock worth $68,585,000 after purchasing an additional 1,547,659 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of Trip.com Group by 4,800.0% in the second quarter. 1832 Asset Management L.P. now owns 1,399,298 shares of the company’s stock worth $65,767,000 after buying an additional 1,370,741 shares during the period. Finally, Green Court Capital Management Ltd increased its stake in shares of Trip.com Group by 64.5% in the fourth quarter. Green Court Capital Management Ltd now owns 3,421,281 shares of the company’s stock worth $123,200,000 after buying an additional 1,341,806 shares during the period. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM opened at $47.29 on Friday. The company has a 50 day moving average of $44.93 and a 200 day moving average of $47.62. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The stock has a market cap of $30.46 billion, a P/E ratio of 21.30 and a beta of 0.39. Trip.com Group has a 12 month low of $31.55 and a 12 month high of $58.00.

Trip.com Group Company Profile

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.