Trip.com Group (NASDAQ:TCOM) Shares Gap Down – Time to 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 trading hands.

Analyst Ratings Changes

A number of research firms have commented on TCOM. Mizuho boosted their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. HSBC upgraded shares of Trip.com Group from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Tuesday, November 19th. Barclays raised their price target 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. Hsbc Global Res upgraded Trip.com Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 19th. Finally, TD Cowen increased their price objective on Trip.com Group from $56.00 to $71.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Eleven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. 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 Stock Performance

The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $64.83 and a 200 day moving average price of $53.97. The stock has a market cap of $46.73 billion, a PE ratio of 21.72, a P/E/G ratio of 1.10 and a beta of 0.38.

Hedge Funds Weigh In On Trip.com Group

Large investors have recently bought and sold shares of the stock. FMR LLC increased its position 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 acquiring an additional 2,749,365 shares during the period. Sanders Capital LLC grew its stake in shares of Trip.com Group by 34.7% in the third quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after purchasing an additional 2,462,767 shares during the last quarter. Aspex Management HK Ltd purchased a new position in Trip.com Group during the 3rd quarter valued at about $128,962,000. Wellington Management Group LLP increased its holdings in Trip.com Group by 557.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,263,048 shares of the company’s stock valued at $134,493,000 after purchasing an additional 1,919,006 shares during the period. Finally, ARGA Investment Management LP raised its position in Trip.com Group by 46.9% during the 3rd quarter. ARGA Investment Management LP now owns 5,899,404 shares of the company’s stock valued at $350,602,000 after purchasing an additional 1,884,044 shares during the last quarter. 35.41% of the stock is 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.