Trip.com Group (NASDAQ:TCOM) Shares Gap Up - Should You Buy?

Trip.com Group Limited (NASDAQ:TCOM - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $58.00, but opened at $62.51. Trip.com Group shares last traded at $61.54, with a volume of 1,052,375 shares changing hands.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. TD Cowen reduced their price objective 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. Macquarie raised Trip.com Group to a "strong-buy" rating in a research note on Monday, October 7th. HSBC lowered Trip.com Group from a "buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Citigroup upped their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Benchmark reaffirmed a "buy" rating and issued a $72.00 target price on shares of Trip.com Group in a research note on Tuesday, August 27th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $64.63.

Trip.com Group Price Performance

The company's 50 day simple moving average is $51.49 and its 200 day simple moving average is $50.03. The stock has a market cap of $39.45 billion, a P/E ratio of 27.59 and a beta of 0.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.32 and a quick ratio of 1.32.

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

Institutional Investors Weigh In On Trip.com Group

Hedge funds have recently modified their holdings of the business. Capital World Investors raised 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 worth $2,149,366,000 after buying 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 worth $348,559,000 after acquiring an additional 29,768 shares during the period. ARGA Investment Management LP lifted its position in Trip.com Group by 4.8% in the 1st quarter. ARGA Investment Management LP now owns 4,814,510 shares of the company's stock valued at $211,309,000 after acquiring an additional 219,359 shares in the last quarter. Kontiki Capital Management HK Ltd. boosted its stake in Trip.com Group by 1.9% in the 1st quarter. Kontiki Capital Management HK Ltd. now owns 4,523,780 shares of the company's stock worth $198,549,000 after purchasing an additional 83,200 shares during the period. Finally, Ninety One UK Ltd boosted its stake in Trip.com Group by 1.3% in the 2nd quarter. Ninety One UK Ltd now owns 2,748,579 shares of the company's stock worth $129,183,000 after purchasing an additional 36,122 shares during the period. Institutional investors and hedge funds own 35.41% of the company's stock.

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.