Trip.com Group (NASDAQ:TCOM) Shares Gap Down - Should You Sell?

Trip.com Group Limited (NASDAQ:TCOM - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $74.08, but opened at $72.32. Trip.com Group shares last traded at $72.04, with a volume of 325,891 shares.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TCOM shares. Macquarie upped their price target on shares of Trip.com Group from $75.40 to $80.80 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Citigroup raised their target price on shares of Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Sanford C. Bernstein started coverage on shares of Trip.com Group in a research report on Monday, November 4th. They issued an "outperform" rating and a $85.00 price target on the stock. Mizuho increased 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. Finally, TD Cowen lifted their target price on Trip.com Group from $56.00 to $71.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $74.18.

Trip.com Group Stock Down 2.1 %

The stock has a market capitalization of $46.73 billion, a price-to-earnings ratio of 21.72, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average of $64.83 and a two-hundred day moving average of $53.95.

Institutional Trading of Trip.com Group

A number of institutional investors have recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in Trip.com Group during the third quarter valued at approximately $38,000. Fifth Third Bancorp increased its holdings in shares of Trip.com Group by 1,188.0% during the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock valued at $50,000 after acquiring an additional 986 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock valued at $55,000 after purchasing an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Trip.com Group in the 2nd quarter worth $66,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in Trip.com Group during the 2nd quarter worth $74,000. 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.