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

Trip.com Group Limited (NASDAQ:TCOM) shares gapped down prior to trading 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

A number of research firms recently issued reports on TCOM. Barclays upped their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Benchmark upped their price target on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. Finally, Mizuho lifted their price target on Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $74.18.

Trip.com Group Stock Down 2.1 %

The stock has a 50-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 current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $46.73 billion, a P/E ratio of 22.18, a P/E/G ratio of 1.10 and a beta of 0.38.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Trip.com Group in the 3rd quarter valued at $38,000. Fifth Third Bancorp lifted its holdings in Trip.com Group by 1,188.0% in the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after buying an additional 986 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock valued at $55,000 after buying an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Trip.com Group during the second quarter valued at $66,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in Trip.com Group during the 2nd quarter worth about $74,000. Institutional investors 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.