Trip.com Group (NASDAQ:TCOM) Shares Gap Down – Here’s What Happened

Trip.com Group Limited (NASDAQ:TCOM) shares gapped down before the market opened on Tuesday . The stock had previously closed at $63.64, but opened at $61.00. Trip.com Group shares last traded at $59.86, with a volume of 1,159,584 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TCOM. Citigroup lifted their price objective on shares of Trip.com Group from $66.00 to $72.00 and gave the company a “buy” rating in a report on Thursday, October 10th. TD Cowen reduced their price target on shares of Trip.com Group from $63.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, August 27th. Benchmark restated a “buy” rating and issued a $72.00 price target on shares of Trip.com Group in a report on Tuesday, August 27th. StockNews.com lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Hsbc Global Res lowered shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Trip.com Group has a consensus rating of “Moderate Buy” and a consensus target price of $64.63.

Trip.com Group Stock Performance

The stock has a market cap of $38.29 billion, a PE ratio of 26.78 and a beta of 0.41. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $50.79 and its 200-day moving average price is $49.88.

Trip.com Group (NASDAQ:TCOM) last released its earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.22. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. As a group, equities research analysts expect that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of Trip.com Group

Large investors have recently bought and sold shares of the stock. AIA Group Ltd boosted its holdings in shares of Trip.com Group by 22.7% in the 1st quarter. AIA Group Ltd now owns 110,994 shares of the company’s stock valued at $4,872,000 after acquiring an additional 20,545 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Trip.com Group by 58.5% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 80,829 shares of the company’s stock valued at $3,548,000 after acquiring an additional 29,829 shares during the last quarter. Van ECK Associates Corp purchased a new stake in shares of Trip.com Group in the 1st quarter valued at $3,000,000. OPTIMAS CAPITAL Ltd purchased a new stake in shares of Trip.com Group in the 1st quarter valued at $4,516,000. Finally, Atlas Capital Advisors LLC boosted its holdings in shares of Trip.com Group by 115.7% in the 2nd quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock valued at $171,000 after acquiring an additional 1,946 shares during 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 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.