Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) Receives $63.75 Average Target Price from Analysts

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $63.75.

A number of analysts have commented on the company. Citigroup decreased their price objective on Trip.com Group from $64.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Benchmark restated a “buy” rating on shares of Trip.com Group in a research note on Tuesday, July 28th. China Renaissance reiterated a “hold” rating and issued a $42.00 target price on shares of Trip.com Group in a report on Thursday, July 2nd. Bank of America reaffirmed a “buy” rating on shares of Trip.com Group in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $63.00 target price on shares of Trip.com Group in a research report on Tuesday, July 28th.

Institutional Investors Weigh In On Trip.com Group

Several large investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new position in shares of Trip.com Group in the 2nd quarter worth about $5,210,000. Flossbach Von Storch SE purchased a new position in Trip.com Group in the second quarter valued at about $1,195,000. FNY Investment Advisers LLC bought a new position in shares of Trip.com Group during the 2nd quarter valued at approximately $37,000. Empowered Funds LLC increased its stake in shares of Trip.com Group by 227.1% during the 1st quarter. Empowered Funds LLC now owns 10,883 shares of the company’s stock worth $542,000 after purchasing an additional 7,556 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of Trip.com Group by 7.5% during the 1st quarter. Parallel Advisors LLC now owns 6,195 shares of the company’s stock worth $308,000 after purchasing an additional 433 shares during the last quarter. 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 $44.55 on Friday. The firm has a market capitalization of $28.94 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 3.59 and a beta of -0.02. The stock’s 50 day moving average is $44.27 and its 200-day moving average is $49.51. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.06. Trip.com Group has a twelve month low of $38.04 and a twelve month high of $78.99.

Trip.com Group (NASDAQ:TCOM) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business 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 business’s quarterly revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 EPS. Sell-side analysts forecast that Trip.com Group will post 3.14 EPS for the current fiscal 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.