Trip.com Group Limited (NASDAQ:TCOM – Get Rating)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $27.18, but opened at $26.46. Trip.com Group shares last traded at $27.43, with a volume of 63,259 shares.
Analysts Set New Price Targets
Several research firms have commented on TCOM. Mizuho cut their price objective on Trip.com Group from $32.00 to $30.00 and set a "buy" rating for the company in a research note on Tuesday, June 28th. StockNews.com upgraded Trip.com Group from a "sell" rating to a "hold" rating in a report on Wednesday, July 6th. UBS Group began coverage on Trip.com Group in a report on Friday, September 16th. They set a "neutral" rating on the stock. Benchmark lowered their target price on Trip.com Group from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, June 28th. Finally, Barclays boosted their target price on Trip.com Group from $33.00 to $35.00 and gave the stock an "overweight" rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Trip.com Group presently has an average rating of "Moderate Buy" and an average target price of $31.00.
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Trip.com Group Stock Up 0.5 %
The stock has a market capitalization of $16.38 billion, a price-to-earnings ratio of -43.35 and a beta of 0.61. The business has a fifty day moving average of $26.23 and a 200 day moving average of $24.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.11 and a quick ratio of 1.11.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in TCOM. BlackRock Inc. lifted its holdings in Trip.com Group by 18.1% in the first quarter. BlackRock Inc. now owns 25,456,730 shares of the company's stock valued at $588,559,000 after acquiring an additional 3,893,531 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its stake in Trip.com Group by 730.0% during the first quarter. ANTIPODES PARTNERS Ltd now owns 4,364,406 shares of the company's stock worth $100,905,000 after purchasing an additional 3,838,552 shares in the last quarter. ARGA Investment Management LP lifted its stake in Trip.com Group by 124.5% during the first quarter. ARGA Investment Management LP now owns 4,953,607 shares of the company's stock worth $114,527,000 after purchasing an additional 2,746,975 shares in the last quarter. FMR LLC lifted its stake in Trip.com Group by 34.1% during the second quarter. FMR LLC now owns 10,615,674 shares of the company's stock worth $291,400,000 after purchasing an additional 2,696,922 shares in the last quarter. Finally, Krane Funds Advisors LLC lifted its stake in Trip.com Group by 21.5% during the first quarter. Krane Funds Advisors LLC now owns 11,571,401 shares of the company's stock worth $267,531,000 after purchasing an additional 2,045,920 shares in the last quarter. 54.08% of the stock is currently owned by institutional investors and hedge funds.
Trip.com Group Company Profile
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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.
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