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

Trip.com Group Limited (NASDAQ:TCOM) shares gapped up before the market opened 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.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TCOM. StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Benchmark reissued a “buy” rating and issued a $80.00 price target on shares of Trip.com Group in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reduced their price objective on shares of Trip.com Group from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Finally, Citigroup boosted their target price on shares of Trip.com Group from $73.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Trip.com Group has an average rating of “Buy” and a consensus target price of $77.08.

Trip.com Group Stock Up 1.0 %

The company has a 50 day moving average of $62.52 and a 200-day moving average of $65.02. 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 company has a market cap of $35.25 billion, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 0.67 and a beta of 0.12.

Trip.com Group Announces Dividend

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

Hedge Funds Weigh In On Trip.com Group

A number of large investors have recently added to or reduced their stakes in the business. Headwater Capital Co Ltd bought a new position in Trip.com Group in the 4th quarter worth $13,732,000. WT Asset Management Ltd boosted its holdings in Trip.com Group by 92.3% in the fourth quarter. WT Asset Management Ltd now owns 44,416 shares of the company’s stock worth $3,050,000 after acquiring an additional 21,316 shares in the last quarter. BOCHK Asset Management Ltd grew its position in Trip.com Group by 85.7% during the 4th quarter. BOCHK Asset Management Ltd now owns 13,000 shares of the company’s stock valued at $893,000 after purchasing an additional 6,000 shares during the last quarter. Capital Advisory Group Advisory Services LLC bought a new stake in shares of Trip.com Group in the 4th quarter worth $381,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Trip.com Group by 139.9% during the 3rd quarter. Principal Financial Group Inc. now owns 131,407 shares of the company’s stock valued at $7,810,000 after acquiring an additional 76,624 shares during the last quarter. Hedge funds and other 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.