Trip.com Group (NASDAQ:TCOM) Shares Gap Down to $50.60

Trip.com Group Limited (NASDAQ:TCOM) shares gapped down before the market opened on Monday . The stock had previously closed at $50.60, but opened at $49.00. Trip.com Group shares last traded at $48.88, with a volume of 491,719 shares.

Analyst Ratings Changes

TCOM has been the topic of several analyst reports. Benchmark reiterated a “buy” rating and issued a $55.00 target price on shares of Trip.com Group in a report on Wednesday, April 17th. UBS Group upped their price objective on shares of Trip.com Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Citigroup lifted their target price on shares of Trip.com Group from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Barclays upped their price target on shares of Trip.com Group from $56.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Finally, StockNews.com raised Trip.com Group from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Trip.com Group currently has an average rating of “Moderate Buy” and an average target price of $53.67.

Trip.com Group Stock Performance

The company has a market capitalization of $31.18 billion, a price-to-earnings ratio of 23.31 and a beta of 0.56. The company has a 50 day moving average price of $46.29 and a 200 day moving average price of $39.41. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.17 and a current ratio of 1.23.

Trip.com Group (NASDAQ:TCOM) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.29. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. Trip.com Group had a return on equity of 9.35% and a net margin of 22.43%. Equities research analysts predict that Trip.com Group Limited will post 2.54 earnings per share for the current fiscal year.

Institutional Trading of Trip.com Group

A number of hedge funds and other institutional investors have recently bought and sold shares of TCOM. Capital World Investors grew its holdings in shares of Trip.com Group by 40.4% during the fourth quarter. Capital World Investors now owns 38,395,626 shares of the company’s stock valued at $1,382,592,000 after buying an additional 11,039,672 shares during the last quarter. Schroder Investment Management Group lifted its position in Trip.com Group by 3,752.1% in the 4th quarter. Schroder Investment Management Group now owns 9,886,320 shares of the company’s stock valued at $356,006,000 after acquiring an additional 9,629,673 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Trip.com Group by 98.2% during the 3rd quarter. Acadian Asset Management LLC now owns 5,438,991 shares of the company’s stock valued at $190,164,000 after purchasing an additional 2,695,221 shares during the last quarter. Brilliance Asset Management Ltd. increased its holdings in Trip.com Group by 433.6% during the 4th quarter. Brilliance Asset Management Ltd. now owns 1,904,603 shares of the company’s stock worth $68,585,000 after purchasing an additional 1,547,659 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Trip.com Group by 73.0% in the third quarter. Assenagon Asset Management S.A. now owns 3,341,602 shares of the company’s stock worth $116,856,000 after purchasing an additional 1,409,655 shares during the last quarter. Institutional investors own 35.41% of the company’s stock.

About Trip.com Group

Trip.com Group Limited 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.