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

Shares of Trip.com Group Limited (NASDAQ:TCOM) gapped down before the market opened on Friday . The stock had previously closed at $73.06, but opened at $71.48. Trip.com Group shares last traded at $71.19, with a volume of 635,128 shares.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. HSBC raised Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a report on Tuesday, November 19th. Barclays increased their price objective on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. TD Cowen upped their price target 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. Benchmark raised their price objective on shares of Trip.com Group from $72.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Hsbc Global Res raised Trip.com Group from a “hold” rating to a “strong-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 given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $74.18.

Trip.com Group Price Performance

The stock has a market capitalization of $45.47 billion, a PE ratio of 21.13, a PEG ratio of 1.10 and a beta of 0.39. The company’s 50 day simple moving average is $66.90 and its 200 day simple moving average is $55.44. 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 Trading of Trip.com Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new position in shares of Trip.com Group during the 3rd quarter worth about $38,000. Benjamin F. Edwards & Company Inc. increased its position in Trip.com Group by 72.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company’s stock worth $55,000 after purchasing an additional 489 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Trip.com Group during the second quarter worth approximately $66,000. CWM LLC boosted its holdings in shares of Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $138,000 after purchasing an additional 220 shares during the last quarter. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Trip.com Group during the 2nd quarter valued at $164,000. Hedge funds and other institutional investors own 35.41% of the company’s stock.

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.