Trip.com Group (NASDAQ:TCOM) Shares Gap Up – Still a Buy?

Trip.com Group Limited (NASDAQ:TCOM) gapped up prior to trading on Thursday . The stock had previously closed at $72.81, but opened at $74.74. Trip.com Group shares last traded at $74.72, with a volume of 626,307 shares trading hands.

Wall Street Analysts Forecast Growth

TCOM has been the topic of several research reports. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein initiated coverage on shares of Trip.com Group in a research report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target on the stock. Barclays lifted their price objective 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. Citigroup increased their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, TD Cowen boosted their price target on shares of Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Eleven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $74.18.

Trip.com Group Price Performance

The stock has a fifty day simple moving average of $64.83 and a 200-day simple moving average of $53.95. The company has a market capitalization of $46.73 billion, a PE ratio of 21.72, a P/E/G ratio of 1.10 and a beta of 0.38. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CWM LLC boosted its stake in shares of Trip.com Group by 13.5% in the second quarter. CWM LLC now owns 2,107 shares of the company’s stock valued at $99,000 after buying an additional 251 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Trip.com Group during the 2nd quarter worth $818,000. Blue Trust Inc. grew its stake in shares of Trip.com Group by 35.8% during the 2nd quarter. Blue Trust Inc. now owns 4,601 shares of the company’s stock worth $202,000 after purchasing an additional 1,212 shares during the period. Raymond James & Associates increased its holdings in shares of Trip.com Group by 16.5% in the 2nd quarter. Raymond James & Associates now owns 37,573 shares of the company’s stock valued at $1,766,000 after purchasing an additional 5,324 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its holdings in shares of Trip.com Group by 4.1% in the 2nd quarter. China Universal Asset Management Co. Ltd. now owns 47,900 shares of the company’s stock valued at $2,251,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors and hedge funds 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.