Analysts Set Trip.com Group Limited (NASDAQ:TCOM) Price Target at $53.67

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $53.67.

TCOM has been the topic of several recent research reports. Benchmark reiterated a “buy” rating and set a $55.00 price objective on shares of Trip.com Group in a research report on Wednesday, April 17th. Citigroup raised their price objective on Trip.com Group from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, April 1st. HSBC increased their target price on Trip.com Group from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, April 12th. StockNews.com upgraded Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, Barclays lifted their target price on shares of Trip.com Group from $56.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TCOM. Capital World Investors grew its position in shares of 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 raised its holdings in 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 acquiring an additional 9,629,673 shares during the period. Acadian Asset Management LLC lifted its position in shares of Trip.com Group by 98.2% in the third quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company’s stock valued at $190,164,000 after acquiring an additional 2,695,221 shares in the last quarter. Brilliance Asset Management Ltd. grew its position in shares of Trip.com Group by 433.6% during 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 in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in Trip.com Group by 73.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,341,602 shares of the company’s stock valued at $116,856,000 after purchasing an additional 1,409,655 shares during the period. 35.41% of the stock is owned by institutional investors.

Trip.com Group Stock Performance

NASDAQ TCOM opened at $52.70 on Friday. The company’s 50 day simple moving average is $47.00 and its two-hundred day simple moving average is $40.07. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.23 and a quick ratio of 1.23. Trip.com Group has a 1 year low of $30.70 and a 1 year high of $54.29. The stock has a market capitalization of $34.05 billion, a PE ratio of 25.46 and a beta of 0.52.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Wednesday, February 21st. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.19 by $0.29. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. Analysts predict that Trip.com Group will post 2.54 earnings per share for the current fiscal year.

Trip.com Group Company Profile

Trip.com Group Limited 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.