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

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOMGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $77.50.

Several research firms recently weighed in on TCOM. Barclays restated an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a report on Thursday, February 26th. Morgan Stanley reissued an “overweight” rating and set a $75.00 target price on shares of Trip.com Group 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 note on Monday, March 2nd. Benchmark reaffirmed a “buy” rating on shares of Trip.com Group in a report on Thursday. Finally, TD Cowen dropped their price target on Trip.com Group from $73.00 to $68.00 and set a “buy” rating on the stock in a report on Thursday, February 26th.

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Trip.com Group Stock Down 14.6%

NASDAQ TCOM traded down $6.78 on Thursday, reaching $39.52. The company had a trading volume of 3,764,861 shares, compared to its average volume of 3,484,340. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average is $49.81 and its 200 day moving average is $56.71. Trip.com Group has a 52-week low of $38.04 and a 52-week high of $78.99. The stock has a market capitalization of $25.67 billion, a P/E ratio of 5.90, a P/E/G ratio of 3.15 and a beta of -0.07.

Trip.com Group (NASDAQ:TCOMGet Free Report) last posted its earnings results on Saturday, February 14th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.01). The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.09 billion. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%.The business’s revenue was up 21% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 EPS. Sell-side analysts anticipate that Trip.com Group will post 3.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trip.com Group

A number of hedge funds have recently made changes to their positions in the business. Capital World Investors boosted its holdings in shares of 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 last quarter. Sanders Capital LLC lifted its stake in shares of Trip.com Group by 7.2% during the 3rd quarter. Sanders Capital LLC now owns 9,868,196 shares of the company’s stock valued at $742,088,000 after buying an additional 662,230 shares in the last quarter. Capital International Investors lifted its position 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 worth $479,742,000 after acquiring an additional 37,916 shares in the last quarter. Davis Selected Advisers boosted its stake in Trip.com Group by 2.3% in the 4th quarter. Davis Selected Advisers now owns 5,053,389 shares of the company’s stock worth $363,389,000 after purchasing an additional 111,944 shares during the period. Finally, Cantillon Capital Management LLC boosted its position in shares of Trip.com Group by 1.4% in 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 during the period. 35.41% of the stock is currently owned by institutional investors.

Trip.com Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Trip.com Group (NASDAQ:TCOM)

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