Trip.com Group (NASDAQ:TCOM) Shares Gap Down – Time to Sell?

Trip.com Group Limited (NASDAQ:TCOM) shares gapped down prior to trading on Wednesday . The stock had previously closed at $71.27, but opened at $68.95. Trip.com Group shares last traded at $68.66, with a volume of 2,201,478 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on TCOM. Macquarie lifted their price objective on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Barclays raised their price target 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. HSBC raised shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Tuesday, November 19th. Benchmark reissued a “buy” rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, January 14th. Finally, Hsbc Global Res upgraded shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Trip.com Group presently has an average rating of “Buy” and a consensus target price of $74.78.

Trip.com Group Trading Down 3.4 %

The firm has a 50-day moving average of $69.00 and a 200 day moving average of $59.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $44.34 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 0.71 and a beta of 0.37.

Hedge Funds Weigh In On Trip.com Group

Several large investors have recently bought and sold shares of TCOM. FMR LLC lifted its holdings in shares of Trip.com Group by 32.8% in the third quarter. FMR LLC now owns 11,123,783 shares of the company’s stock valued at $661,086,000 after buying an additional 2,749,365 shares during the period. Sanders Capital LLC lifted its holdings in Trip.com Group by 34.7% in the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock valued at $568,531,000 after acquiring an additional 2,462,767 shares during the last quarter. Aspex Management HK Ltd bought a new position in shares of Trip.com Group during the 3rd quarter valued at about $128,962,000. Wellington Management Group LLP grew its stake in shares of Trip.com Group by 557.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock worth $134,493,000 after purchasing an additional 1,919,006 shares during the last quarter. Finally, ARGA Investment Management LP raised its holdings in shares of Trip.com Group by 46.9% in the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock worth $350,602,000 after purchasing an additional 1,884,044 shares in the last quarter. Institutional investors and hedge funds 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.