Brokerages Set Trip.com Group Limited (NASDAQ:TCOM) PT at $74.78

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been given a consensus recommendation of “Buy” by the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $74.78.

A number of equities research analysts have recently commented on the stock. Citigroup lifted their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Macquarie increased their target price on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Barclays upped their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Mizuho boosted their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Finally, HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Tuesday, November 19th.

Trip.com Group Price Performance

Trip.com Group stock opened at $68.39 on Tuesday. The business has a 50 day simple moving average of $69.29 and a 200-day simple moving average of $59.57. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $44.05 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 0.69 and a beta of 0.37. Trip.com Group has a 12 month low of $38.23 and a 12 month high of $77.18.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC lifted its stake in Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after buying an additional 2,749,365 shares during the period. Sanders Capital LLC raised its position in Trip.com Group by 34.7% in the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after buying an additional 2,462,767 shares during the last quarter. ARGA Investment Management LP lifted its position in shares of Trip.com Group by 46.9% in the third quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after purchasing an additional 1,884,044 shares in the last quarter. Cantillon Capital Management LLC grew its holdings in shares of Trip.com Group by 14.9% in the 3rd quarter. Cantillon Capital Management LLC now owns 4,868,383 shares of the company’s stock valued at $289,328,000 after acquiring an additional 629,508 shares in the last quarter. Finally, CoreView Capital Management Ltd increased its position in shares of Trip.com Group by 15.8% during the 3rd quarter. CoreView Capital Management Ltd now owns 4,676,166 shares of the company’s stock worth $277,905,000 after purchasing an additional 639,000 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

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.