Trip.com Group (NASDAQ:TCOM) Shares Gap Down – Should You Sell?

Trip.com Group Limited (NASDAQ:TCOM) shares gapped down prior to trading on Thursday . The stock had previously closed at $68.66, but opened at $66.42. Trip.com Group shares last traded at $66.12, with a volume of 770,677 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TCOM shares. Barclays upped their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Sanford C. Bernstein began coverage on Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target for the company. Benchmark raised their price objective on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, TD Cowen upped their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Trip.com Group currently has a consensus rating of “Buy” and a consensus target price of $74.18.

Trip.com Group Stock Performance

The firm has a market capitalization of $42.51 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.10 and a beta of 0.38. 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’s 50 day moving average is $67.37 and its two-hundred day moving average is $55.82.

Hedge Funds Weigh In On Trip.com Group

Several institutional investors have recently modified their holdings of TCOM. RPg Family Wealth Advisory LLC acquired a new position in Trip.com Group in the third quarter valued at about $38,000. Benjamin F. Edwards & Company Inc. lifted its position in Trip.com Group by 72.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after acquiring an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Trip.com Group in the 2nd quarter worth $66,000. CWM LLC lifted its holdings in shares of Trip.com Group by 10.4% in the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after purchasing an additional 220 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Trip.com Group by 101.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,173 shares of the company’s stock worth $189,000 after buying an additional 1,595 shares during the period. 35.41% of the stock is currently owned by institutional investors and hedge funds.

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.