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

Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $67.00, but opened at $64.49. Trip.com Group shares last traded at $64.73, with a volume of 595,020 shares.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price objective on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Citigroup increased their price target on Trip.com Group from $73.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Benchmark reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $77.08.

Trip.com Group Stock Performance

The firm's 50 day simple moving average is $65.84 and its 200 day simple moving average is $63.95. The firm has a market capitalization of $41.09 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42.

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Trip.com Group Dividend Announcement

The firm also recently declared a -- dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be issued a $0.30 dividend. The ex-dividend date is Monday, March 17th. Trip.com Group's payout ratio is 8.02%.

Hedge Funds Weigh In On Trip.com Group

A number of institutional investors have recently modified their holdings of TCOM. Wealth Enhancement Advisory Services LLC grew its holdings in Trip.com Group by 15.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,805 shares of the company's stock worth $467,000 after acquiring an additional 905 shares during the period. Lansforsakringar Fondforvaltning AB publ purchased a new stake in Trip.com Group in the 4th quarter worth approximately $906,000. GF Fund Management CO. LTD. acquired a new stake in shares of Trip.com Group during the 4th quarter worth approximately $26,374,000. Public Employees Retirement System of Ohio purchased a new position in shares of Trip.com Group during the 4th quarter valued at approximately $21,984,000. Finally, Vise Technologies Inc. acquired a new position in shares of Trip.com Group in the 4th quarter valued at $906,000. Hedge funds and other institutional investors 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.