Trip.com Group (NASDAQ:TCOM) Shares Gap Up – Should You Buy?

Trip.com Group Limited (NASDAQ:TCOM) shares gapped up prior to trading on Thursday . The stock had previously closed at $54.79, but opened at $56.86. Trip.com Group shares last traded at $54.93, with a volume of 2,228,514 shares traded.

Analysts Set New Price Targets

TCOM has been the subject of several analyst reports. Benchmark restated a “buy” rating and issued a $80.00 price objective on shares of Trip.com Group in a research note on Tuesday, February 25th. StockNews.com cut Trip.com Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Citigroup lifted their price objective on Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a report 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $77.08.

Trip.com Group Stock Up 1.0 %

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 50 day simple moving average of $62.52 and a two-hundred day simple moving average of $65.02. The firm has a market capitalization of $35.25 billion, a P/E ratio of 16.39, a P/E/G ratio of 0.67 and a beta of 0.12.

Trip.com Group Dividend Announcement

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

Institutional Investors Weigh In On Trip.com Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCOM. Brooklyn Investment Group purchased a new stake in shares of Trip.com Group in the 4th quarter worth approximately $25,000. National Bank of Canada FI boosted its position in Trip.com Group by 227.7% during the fourth quarter. National Bank of Canada FI now owns 462 shares of the company’s stock valued at $32,000 after purchasing an additional 321 shares in the last quarter. Rakuten Securities Inc. raised its stake in shares of Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company’s stock worth $33,000 after acquiring an additional 449 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company’s stock valued at $36,000 after purchasing an additional 169 shares during the last quarter. Finally, Farther Finance Advisors LLC grew 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 worth $43,000 after buying an additional 510 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.