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

Shares of Trip.com Group Limited (NASDAQ:TCOM - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $63.05, but opened at $61.30. Trip.com Group shares last traded at $61.15, with a volume of 462,484 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have issued reports on TCOM. JPMorgan Chase & Co. dropped their target price on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Benchmark reiterated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a report on Tuesday, May 20th. TD Securities increased their target price on Trip.com Group from $67.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Wall Street Zen downgraded Trip.com Group from a "buy" rating to a "hold" rating in a report on Saturday, April 26th. Finally, Bank of America increased their price target on Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Trip.com Group has a consensus rating of "Buy" and a consensus price target of $77.25.

Trip.com Group Trading Up 0.6%

The company's fifty day simple moving average is $59.98 and its two-hundred day simple moving average is $64.39. 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 company has a market capitalization of $40.49 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 0.67 and a beta of 0.09.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. National Bank of Canada FI grew its stake in shares of Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after acquiring an additional 321 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in shares of Trip.com Group by 1,496.7% in the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after buying an additional 449 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in shares of Trip.com Group in the first quarter worth $32,000. Principal Securities Inc. grew its stake in Trip.com Group by 46.8% in the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock worth $36,000 after buying an additional 169 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in Trip.com Group by 384.6% during the first quarter. NewEdge Advisors LLC now owns 567 shares of the company's stock valued at $36,000 after acquiring an additional 450 shares during the last quarter. 35.41% of the stock is owned by institutional investors and hedge funds.

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.