Trip.com Group Limited (NASDAQ:TCOM) Receives Consensus Rating of “Buy” from Analysts

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been given an average recommendation of “Buy” by the eleven ratings firms that are currently covering the company, Marketbeat reports. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $77.08.

A number of brokerages have weighed in on TCOM. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Benchmark reiterated a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. Citigroup increased their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th.

Institutional Investors Weigh In On Trip.com Group

Hedge funds have recently made changes to their positions in the business. Brooklyn Investment Group purchased a new stake in Trip.com Group during the fourth quarter worth about $25,000. National Bank of Canada FI boosted its stake in Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after acquiring an additional 321 shares during the last quarter. Rakuten Securities Inc. grew its position in shares of Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock valued at $33,000 after acquiring an additional 449 shares during the period. Principal Securities Inc. increased its stake in shares of Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after purchasing an additional 169 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Trip.com Group by 443.5% in the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock worth $43,000 after purchasing an additional 510 shares during the period. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Stock Performance

Shares of Trip.com Group stock opened at $63.17 on Wednesday. The business has a 50-day moving average price of $65.50 and a two-hundred day moving average price of $64.75. Trip.com Group has a 1-year low of $38.23 and a 1-year high of $77.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a market cap of $40.69 billion, a P/E ratio of 18.91, a PEG ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio is currently 8.02%.

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.