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

Shares of Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM) gapped down before the market opened on Wednesday . The stock had previously closed at $75.68, but opened at $63.03. Trip.com Group shares last traded at $64.17, with a volume of 13,614,373 shares.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TCOM shares. Bank of America boosted their target price on Trip.com Group from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Barclays boosted their price target on Trip.com Group from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 19th. Zacks Research raised shares of Trip.com Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Trip.com Group in a research note on Monday, December 29th. Finally, Benchmark boosted their target price on shares of Trip.com Group from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to data from MarketBeat, Trip.com Group has an average rating of “Buy” and a consensus target price of $81.25.

Trip.com Group Trading Down 17.0%

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market cap of $41.03 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 2.63 and a beta of -0.13. The company’s fifty day moving average is $72.18 and its two-hundred day moving average is $69.48.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TCOM. Royal Bank of Canada boosted its holdings in Trip.com Group by 22.9% in the first quarter. Royal Bank of Canada now owns 32,521 shares of the company’s stock valued at $2,068,000 after purchasing an additional 6,062 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Trip.com Group by 384.6% in the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after buying an additional 450 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Trip.com Group by 332.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,088 shares of the company’s stock worth $2,549,000 after buying an additional 30,819 shares during the last quarter. Aaron Wealth Advisors LLC grew its holdings in Trip.com Group by 25.5% during the second quarter. Aaron Wealth Advisors LLC now owns 4,743 shares of the company’s stock worth $278,000 after acquiring an additional 963 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Trip.com Group by 4.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,032 shares of the company’s stock valued at $354,000 after acquiring an additional 235 shares in the last quarter. Hedge funds and other institutional investors own 35.41% of the company’s stock.

Trip.com Group Company Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.