Trip.com Group (NASDAQ:TCOM) Shares Gap Down - What's Next?

Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $68.39, but opened at $65.66. Trip.com Group shares last traded at $65.91, with a volume of 600,106 shares trading hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TCOM shares. Sanford C. Bernstein initiated coverage on Trip.com Group in a report on Monday, November 4th. They issued an "outperform" rating and a $85.00 price target on the stock. Mizuho lifted their price objective on Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. Hsbc Global Res raised Trip.com Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 19th. Barclays boosted their price target on Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Finally, Benchmark reiterated a "buy" rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, January 14th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $74.78.

Trip.com Group Stock Performance

The stock has a 50 day moving average price of $69.38 and a two-hundred day moving average price of $60.03. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a market cap of $44.60 billion, a price-to-earnings ratio of 20.73, a P/E/G ratio of 0.69 and a beta of 0.37.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TCOM. CWM LLC increased its position in shares of Trip.com Group by 10.4% in the 3rd quarter. CWM LLC now owns 2,327 shares of the company's stock valued at $138,000 after buying an additional 220 shares in the last quarter. Creative Planning increased its position in shares of Trip.com Group by 1.7% in the 3rd quarter. Creative Planning now owns 25,622 shares of the company's stock valued at $1,523,000 after buying an additional 423 shares in the last quarter. Seven Grand Managers LLC bought a new stake in shares of Trip.com Group in the 3rd quarter valued at $10,884,000. Blue Trust Inc. increased its position in shares of Trip.com Group by 64.0% in the 3rd quarter. Blue Trust Inc. now owns 7,545 shares of the company's stock valued at $448,000 after buying an additional 2,944 shares in the last quarter. Finally, Raymond James & Associates increased its position in shares of Trip.com Group by 9.1% in the 3rd quarter. Raymond James & Associates now owns 40,998 shares of the company's stock valued at $2,437,000 after buying an additional 3,425 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company's stock.

About Trip.com Group

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.