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

Shares of Trip.com Group Limited (NASDAQ:TCOM) gapped down before the market opened 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.

Wall Street Analyst Weigh In

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

Trip.com Group Stock Performance

The company’s 50 day simple moving average is $65.84 and its 200 day simple moving average is $63.72. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $41.37 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 0.67 and a beta of 0.38.

Trip.com Group Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. abrdn plc lifted its holdings in shares of Trip.com Group by 0.5% during the 4th quarter. abrdn plc now owns 29,598 shares of the company’s stock worth $2,032,000 after acquiring an additional 150 shares during the last quarter. Principal Securities Inc. lifted its stake in Trip.com Group by 46.8% in the fourth quarter. Principal Securities Inc. now owns 530 shares of the company’s stock worth $36,000 after purchasing an additional 169 shares during the last quarter. Rhumbline Advisers lifted its stake in Trip.com Group by 1.6% in the fourth quarter. Rhumbline Advisers now owns 12,014 shares of the company’s stock worth $825,000 after purchasing an additional 184 shares during the last quarter. Blair William & Co. IL lifted its stake in Trip.com Group by 4.3% in the fourth quarter. Blair William & Co. IL now owns 5,349 shares of the company’s stock worth $367,000 after purchasing an additional 219 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Trip.com Group by 2.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company’s stock valued at $875,000 after acquiring an additional 244 shares during the last quarter. 35.41% of the stock is owned by institutional investors.

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.