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

Trip.com Group Limited (NASDAQ:TCOM) has earned an average rating of “Buy” from the eleven research firms that are currently covering the company, Marketbeat reports. Ten research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $77.08.

TCOM has been the topic of several research reports. JPMorgan Chase & Co. dropped their target price on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. Barclays increased their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Mizuho raised their price objective on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Hsbc Global Res raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 19th. Finally, HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Tuesday, November 19th.

Institutional Investors Weigh In On Trip.com Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. abrdn plc grew its holdings in shares of Trip.com Group by 0.5% during the fourth quarter. abrdn plc now owns 29,598 shares of the company’s stock worth $2,032,000 after purchasing an additional 150 shares during the last quarter. Principal Securities Inc. lifted its position in 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 buying an additional 169 shares in the last quarter. Rhumbline Advisers lifted its position in Trip.com Group by 1.6% during the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock worth $825,000 after buying an additional 184 shares in the last quarter. Blair William & Co. IL grew its holdings in Trip.com Group by 4.3% during the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company’s stock worth $367,000 after acquiring an additional 219 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in Trip.com Group by 2.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company’s stock valued at $875,000 after acquiring an additional 244 shares in the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

Trip.com Group Trading Up 7.8 %

NASDAQ TCOM opened at $64.01 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group has a 1-year low of $38.23 and a 1-year high of $77.18. The firm’s fifty day simple moving average is $66.66 and its 200-day simple moving average is $62.23. The company has a market capitalization of $41.23 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38.

Trip.com Group Dividend Announcement

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

About Trip.com Group

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.