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

Trip.com Group Limited (NASDAQ:TCOM) gapped down before the market opened on Tuesday . The stock had previously closed at $68.39, but opened at $65.66. Trip.com Group shares last traded at $65.91, with a volume of 600,106 shares traded.

Analyst Ratings Changes

Several analysts recently commented on the stock. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, November 19th. Macquarie raised their price target on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 20th. Mizuho lifted their target price 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, Barclays lifted their price objective on Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Trip.com Group presently has an average rating of “Buy” and a consensus target price of $74.78.

Trip.com Group Stock Performance

The stock has a 50-day simple moving average of $69.35 and a 200-day simple moving average of $59.74. The stock has a market cap of $42.73 billion, a PE ratio of 19.84, a P/E/G ratio of 0.69 and a beta of 0.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42.

Institutional Investors Weigh In On Trip.com Group

Several institutional investors have recently bought and sold shares of the business. abrdn plc grew its holdings in Trip.com Group by 0.5% during the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock valued at $2,032,000 after purchasing an additional 150 shares in the last quarter. Principal Securities Inc. increased its stake in shares of Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares during the period. Rhumbline Advisers lifted its holdings in Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock worth $825,000 after purchasing an additional 184 shares during the period. CWM LLC increased its stake in shares of Trip.com Group by 10.4% during the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after acquiring an additional 220 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Trip.com Group by 2.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company’s stock valued at $875,000 after buying an additional 244 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

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.