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

Shares of Trip.com Group Limited (NASDAQ:TCOM) have been given a consensus rating of “Buy” by the eleven brokerages that are presently covering the company, MarketBeat.com reports. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $77.08.

A number of research firms have recently weighed in on TCOM. JPMorgan Chase & Co. cut their target price on 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. Benchmark reaffirmed a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a report on Tuesday, February 25th. Citigroup increased their price target on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, StockNews.com downgraded shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th.

Institutional Investors Weigh In On Trip.com Group

A number of institutional investors have recently added to or reduced their stakes in TCOM. Brooklyn Investment Group acquired a new position in shares of Trip.com Group during the fourth quarter worth $25,000. National Bank of Canada FI grew its position in shares of Trip.com Group by 227.7% in the 4th 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. increased its stake 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 valued at $33,000 after buying an additional 449 shares during the period. Principal Securities Inc. raised its position in shares of Trip.com Group by 46.8% during the fourth 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, RPg Family Wealth Advisory LLC acquired a new position in shares of Trip.com Group in the third quarter worth approximately $38,000. 35.41% of the stock is owned by institutional investors.

Trip.com Group Trading Down 0.6 %

Shares of TCOM stock opened at $63.17 on Wednesday. The stock has a market cap of $40.69 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38. Trip.com Group has a 1 year low of $38.23 and a 1 year high of $77.18. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock has a 50 day simple moving average of $65.50 and a 200 day simple moving average of $64.75.

Trip.com Group Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Friday, April 4th. Stockholders of record on Monday, March 17th will be paid a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group’s dividend payout ratio is currently 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.