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

Trip.com Group Limited (NASDAQ:TCOM) shares 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 traded.

Analysts Set New Price Targets

TCOM has been the subject of a number of research analyst reports. Benchmark reissued a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. Citigroup boosted their price objective on shares of Trip.com Group from $73.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Barclays increased their price target on shares of Trip.com Group from $76.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. lowered their target price on shares of 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. Finally, Macquarie raised their price target on Trip.com Group from $75.40 to $80.80 and gave the company an “outperform” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $77.08.

Trip.com Group Stock Performance

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 stock has a market cap of $41.62 billion, a P/E ratio of 19.33, a PEG ratio of 0.67 and a beta of 0.38. The stock has a 50-day simple moving average of $65.83 and a 200-day simple moving average of $63.59.

Trip.com Group Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in shares of Trip.com Group during the 4th quarter valued at $25,000. National Bank of Canada FI lifted its stake in shares of Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after buying an additional 321 shares in the last quarter. Rakuten Securities Inc. boosted its stake in Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock valued at $33,000 after purchasing an additional 449 shares during the last quarter. Principal Securities Inc. increased its holdings in Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after purchasing an additional 169 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Trip.com Group by 443.5% during the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company’s stock valued at $43,000 after acquiring an additional 510 shares in the last quarter. Institutional investors and hedge funds own 35.41% of the company’s stock.

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.