Analysts Set Trip.com Group Limited (NASDAQ:TCOM) Price Target at $77.08

Trip.com Group Limited (NASDAQ:TCOM) has been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $77.08.

Several equities analysts have recently commented on TCOM shares. Citigroup upped their price objective on Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. dropped their target price on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, Benchmark reissued a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th.

Trip.com Group Stock Down 3.8 %

TCOM stock opened at $62.68 on Wednesday. Trip.com Group has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The business’s 50-day moving average is $65.69 and its two-hundred day moving average is $64.28. The company has a market cap of $40.37 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 0.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Trip.com Group Announces Dividend

The business also recently declared a — dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s dividend payout ratio is presently 8.02%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in Trip.com Group during the 4th quarter valued at about $25,000. National Bank of Canada FI grew its stake in shares of Trip.com Group by 227.7% during the fourth quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after buying an additional 321 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of Trip.com Group by 1,496.7% in the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after buying an additional 449 shares during the period. Principal Securities Inc. lifted its stake in shares of 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 acquiring an additional 169 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock worth $43,000 after acquiring an additional 510 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

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.