Trip.com Group (NASDAQ:TCOM) Shares Gap Up – Should You Buy?

Trip.com Group Limited (NASDAQ:TCOM) gapped up prior to trading on Wednesday . The stock had previously closed at $57.30, but opened at $60.82. Trip.com Group shares last traded at $59.72, with a volume of 2,916,960 shares.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Mizuho lifted their price objective on Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Sanford C. Bernstein started coverage on Trip.com Group in a report on Monday, November 4th. They set an “outperform” rating and a $85.00 price target on the stock. TD Cowen boosted their price target on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Tuesday, November 19th. Finally, Barclays upped their target price on Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Ten 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 data from MarketBeat, Trip.com Group currently has an average rating of “Buy” and a consensus target price of $77.31.

Trip.com Group Trading Up 3.9 %

The firm has a market capitalization of $38.36 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 0.67 and a beta of 0.37. The business’s 50-day moving average price is $68.27 and its 200-day moving average price is $61.66. 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TCOM. FMR LLC boosted its position in shares of Trip.com Group by 125.5% during the 4th quarter. FMR LLC now owns 25,088,658 shares of the company’s stock worth $1,722,587,000 after purchasing an additional 13,964,875 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Trip.com Group by 1,925.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company’s stock worth $205,057,000 after acquiring an additional 2,839,142 shares during the last quarter. Sanders Capital LLC lifted its position in Trip.com Group by 34.7% during the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after acquiring an additional 2,462,767 shares in the last quarter. Aspex Management HK Ltd acquired a new stake in shares of Trip.com Group during the third quarter valued at about $128,962,000. Finally, Wellington Management Group LLP grew its holdings in Trip.com Group by 92.9% during the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock worth $299,700,000 after acquiring an additional 2,101,937 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

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.