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

Trip.com Group Limited (NASDAQ:TCOM)’s share price gapped down prior to trading 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 changing hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Macquarie raised their price target on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Mizuho lifted their target price on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Barclays upped their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein began coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an “outperform” rating and a $85.00 target price for the company. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $74.18.

Trip.com Group Stock Down 3.4 %

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 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 firm’s fifty day moving average is $66.90 and its 200-day moving average is $55.44.

Hedge Funds Weigh In On Trip.com Group

A number of large investors have recently modified their holdings of the business. Raymond James & Associates raised its position in Trip.com Group by 16.5% in the second quarter. Raymond James & Associates now owns 37,573 shares of the company’s stock worth $1,766,000 after acquiring an additional 5,324 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Trip.com Group in the second quarter valued at about $66,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Trip.com Group by 79.2% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 279,782 shares of the company’s stock worth $13,149,000 after buying an additional 123,693 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in Trip.com Group during the second quarter worth about $164,000. Finally, Van ECK Associates Corp increased its holdings in Trip.com Group by 63.5% in the second quarter. Van ECK Associates Corp now owns 111,757 shares of the company’s stock valued at $5,253,000 after buying an additional 43,400 shares in the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

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.