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 Thursday . The stock had previously closed at $68.66, but opened at $66.42. Trip.com Group shares last traded at $66.12, with a volume of 770,677 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on TCOM shares. HSBC upgraded Trip.com Group from a "hold" rating to a "buy" rating and set a $75.00 target price on the stock in a research report on Tuesday, November 19th. Macquarie increased their price objective on Trip.com Group from $75.40 to $80.80 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Sanford C. Bernstein assumed coverage on shares of Trip.com Group in a report on Monday, November 4th. They set an "outperform" rating and a $85.00 price target on the stock. StockNews.com upgraded Trip.com Group from a "hold" rating to a "buy" rating in a research note on Wednesday, November 20th. Finally, Barclays lifted their target price on Trip.com Group from $76.00 to $84.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Eleven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Trip.com Group currently has a consensus rating of "Buy" and an average price target of $74.18.

Trip.com Group Stock Down 5.7 %

The company has a market capitalization of $41.72 billion, a PE ratio of 19.39, a PEG ratio of 1.10 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. The stock's 50 day moving average is $67.37 and its 200 day moving average is $55.82.

Institutional Trading of Trip.com Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP purchased a new position in Trip.com Group during the 3rd quarter valued at about $384,000. LMR Partners LLP purchased a new position in Trip.com Group during the third quarter valued at approximately $18,435,000. Massachusetts Financial Services Co. MA increased its holdings in Trip.com Group by 85.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company's stock worth $23,478,000 after acquiring an additional 182,403 shares during the period. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Trip.com Group in the 3rd quarter worth approximately $2,615,000. Finally, Varma Mutual Pension Insurance Co bought a new position in Trip.com Group in the 2nd quarter valued at $2,914,000. 35.41% of the stock is currently owned by institutional investors.

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.