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

Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) gapped down before the market opened 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 traded.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TCOM. Mizuho raised their price target on Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. StockNews.com upgraded shares of Trip.com Group from a "hold" rating to a "buy" rating in a research report on Wednesday, November 20th. Sanford C. Bernstein started coverage on shares of Trip.com Group in a report on Monday, November 4th. They issued an "outperform" rating and a $85.00 price target for the company. HSBC raised shares of Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 price objective on the stock in a report on Tuesday, November 19th. Finally, TD Cowen lifted their price target on shares of 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 analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $74.18.

Trip.com Group Trading Down 3.4 %

The firm has a market cap of $45.47 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 1.10 and a beta of 0.39. The business has a 50 day moving average of $66.90 and a 200 day moving average of $55.41. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Trip.com Group in the third quarter worth approximately $38,000. Benjamin F. Edwards & Company Inc. grew its stake in shares of Trip.com Group by 72.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock valued at $55,000 after buying an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Trip.com Group during the 2nd quarter worth $66,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Trip.com Group in the 2nd quarter worth $74,000. Finally, CWM LLC boosted its holdings in Trip.com Group by 10.4% in the third quarter. CWM LLC now owns 2,327 shares of the company's stock valued at $138,000 after acquiring an additional 220 shares during the last quarter. 35.41% of the stock is currently owned by institutional investors and hedge funds.

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.