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

Trip.com Group Limited (NASDAQ:TCOM - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $63.64, but opened at $61.00. Trip.com Group shares last traded at $59.86, with a volume of 1,159,584 shares traded.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup boosted their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Macquarie raised shares of Trip.com Group to a "strong-buy" rating in a report on Monday, October 7th. HSBC lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. TD Cowen lowered their price target on Trip.com Group from $63.00 to $56.00 and set a "buy" rating on the stock in a report on Tuesday, August 27th. Finally, Benchmark reissued a "buy" rating and set a $72.00 price objective on shares of Trip.com Group in a report on Tuesday, August 27th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.63.

Trip.com Group Stock Down 8.8 %

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The stock's 50 day moving average price is $50.10 and its 200-day moving average price is $49.71. The company has a market cap of $37.37 billion, a PE ratio of 26.14 and a beta of 0.41.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.22. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. On average, analysts predict that Trip.com Group Limited will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TCOM. Capital World Investors increased its holdings in Trip.com Group by 27.5% during the 1st quarter. Capital World Investors now owns 48,971,654 shares of the company's stock valued at $2,149,366,000 after purchasing an additional 10,576,028 shares during the period. Capital International Investors raised its holdings in shares of Trip.com Group by 0.4% during the first quarter. Capital International Investors now owns 7,941,645 shares of the company's stock valued at $348,559,000 after acquiring an additional 29,768 shares in the last quarter. ARGA Investment Management LP lifted its stake in Trip.com Group by 4.8% in the first quarter. ARGA Investment Management LP now owns 4,814,510 shares of the company's stock worth $211,309,000 after acquiring an additional 219,359 shares during the period. Kontiki Capital Management HK Ltd. boosted its holdings in Trip.com Group by 1.9% in the first quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company's stock valued at $198,549,000 after acquiring an additional 83,200 shares in the last quarter. Finally, Ninety One UK Ltd increased its position in Trip.com Group by 1.3% during the 2nd quarter. Ninety One UK Ltd now owns 2,748,579 shares of the company's stock valued at $129,183,000 after purchasing an additional 36,122 shares during the period. 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.