Trip.com Group (NASDAQ:TCOM) Shares Gap Down – What’s Next?

Trip.com Group Limited (NASDAQ:TCOM)’s share price gapped down before the market opened on Friday . The stock had previously closed at $74.08, but opened at $72.32. Trip.com Group shares last traded at $72.04, with a volume of 325,891 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TCOM shares. TD Cowen upped their price objective on shares of Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Sanford C. Bernstein began coverage on shares of Trip.com Group in a research note on Monday, November 4th. They issued an “outperform” rating and a $85.00 price target on the stock. Mizuho increased their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. HSBC upgraded Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Tuesday, November 19th. Finally, Benchmark increased their target price on Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Eleven analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Trip.com Group has a consensus rating of “Buy” and a consensus price target of $74.18.

Trip.com Group Trading Down 2.1 %

The company has a market capitalization of $46.73 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. The firm has a fifty day moving average price of $64.75 and a 200-day moving average price of $53.82. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

Hedge Funds Weigh In On Trip.com Group

Hedge funds have recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Trip.com Group during the 3rd quarter worth approximately $38,000. Fifth Third Bancorp boosted its holdings in shares of Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after purchasing an additional 986 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of 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 purchasing an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Trip.com Group in the 2nd quarter valued at $66,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Trip.com Group during the 2nd quarter worth $74,000. 35.41% of the stock is owned by 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.