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

Trip.com Group Limited (NASDAQ:TCOM)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $57.30, but opened at $60.82. Trip.com Group shares last traded at $59.72, with a volume of 2,916,960 shares changing hands.

Wall Street Analysts Forecast Growth

TCOM has been the topic of several recent analyst reports. TD Cowen boosted their price objective on Trip.com Group from $56.00 to $71.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Macquarie lifted their target price on Trip.com Group from $75.40 to $80.80 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Benchmark reissued a “buy” rating and issued a $80.00 target price on shares of Trip.com Group in a report on Tuesday. 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 research note on Wednesday, November 20th. Finally, StockNews.com raised shares of Trip.com Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 20th. Ten investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $77.31.

Trip.com Group Stock Up 3.9 %

The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $38.36 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 0.67 and a beta of 0.37. The firm’s 50-day moving average price is $68.27 and its 200 day moving average price is $61.66.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in Trip.com Group by 125.5% during the 4th quarter. FMR LLC now owns 25,088,658 shares of the company’s stock worth $1,722,587,000 after buying an additional 13,964,875 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Trip.com Group by 1,925.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,986,561 shares of the company’s stock valued at $205,057,000 after acquiring an additional 2,839,142 shares in the last quarter. Sanders Capital LLC raised its stake in shares of Trip.com Group by 34.7% during the 3rd quarter. Sanders Capital LLC now owns 9,566,403 shares of the company’s stock worth $568,531,000 after purchasing an additional 2,462,767 shares during the period. Aspex Management HK Ltd purchased a new stake in Trip.com Group during the third quarter valued at about $128,962,000. Finally, Wellington Management Group LLP lifted its holdings in Trip.com Group by 92.9% during the 4th quarter. Wellington Management Group LLP now owns 4,364,985 shares of the company’s stock worth $299,700,000 after purchasing an additional 2,101,937 shares in the last quarter. Institutional investors and hedge funds 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.