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

Trip.com Group Limited (NASDAQ:TCOM) gapped down prior to trading on Thursday . The stock had previously closed at $67.00, but opened at $64.49. Trip.com Group shares last traded at $64.73, with a volume of 595,020 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TCOM. Benchmark restated a “buy” rating and set a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. Citigroup upped their target price on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a report on Friday, January 3rd. StockNews.com lowered Trip.com Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. decreased their price objective on Trip.com Group from $80.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group Stock Performance

The firm has a market capitalization of $41.37 billion, a PE ratio of 19.23, a P/E/G ratio of 0.67 and a beta of 0.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a fifty day moving average price of $65.84 and a 200 day moving average price of $63.72.

Trip.com Group Dividend Announcement

The company also recently announced a — dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 17th will be given a $0.30 dividend. The ex-dividend date of this dividend is Monday, March 17th. Trip.com Group’s payout ratio is currently 8.02%.

Institutional Trading of Trip.com Group

Several hedge funds have recently added to or reduced their stakes in TCOM. GSA Capital Partners LLP acquired a new position in shares of Trip.com Group in the 3rd quarter worth approximately $384,000. Headwater Capital Co Ltd acquired a new stake in shares of Trip.com Group in the 4th quarter valued at $13,732,000. Massachusetts Financial Services Co. MA boosted its position in shares of Trip.com Group by 85.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 395,054 shares of the company’s stock worth $23,478,000 after purchasing an additional 182,403 shares during the last quarter. WT Asset Management Ltd boosted its position in shares of Trip.com Group by 92.3% in the 4th quarter. WT Asset Management Ltd now owns 44,416 shares of the company’s stock worth $3,050,000 after purchasing an additional 21,316 shares during the last quarter. Finally, BOCHK Asset Management Ltd boosted its position in shares of Trip.com Group by 85.7% in the 4th quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company’s stock worth $893,000 after purchasing an additional 6,000 shares during the last quarter. 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.