Trip.com Group Limited [NASDAQ: TCOM] loss -0.82% or -0.31 points to close at $37.38 with a heavy trading volume of 5375423 shares. The company report on June 1, 2021 that Tripadvisor and Trip.com Group Announce Strengthened Strategic Partnership.
Trip.com Group Limited (Nasdaq: TCOM) (“Trip.com”) and Tripadvisor, Inc. (Nasdaq: TRIP) (“Tripadvisor”) announced an expansion of the strategic partnership first announced in November 2019, including a new commercial arrangement and waiver under the Governance Agreement.
Trip.com and Tripadvisor have agreed to expand their strategic partnership to include Tripadvisor Plus. Initially, Trip.com will provide access to preferential pricing on at least 10,000 properties to benefit the Tripadvisor Plus offering, Tripadvisor’s new, direct-to-consumer subscription service. This collaboration, to be launched later this year, is expected to be expanded over time.
It opened the trading session at $37.72, the shares rose to $37.92 and dropped to $36.86, the range by which the price of stock traded the whole day. The daily chart for TCOM points out that the company has recorded 8.51% gains over the past six months. However, it is still -48.75% lower than its most recent low trading price.
If we look at the average trading volume of 4.60M shares, TCOM reached to a volume of 5375423 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Trip.com Group Limited [TCOM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TCOM shares is $45.42 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TCOM stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Trip.com Group Limited shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 17, 2021. While these analysts kept the previous recommendation, Goldman raised their target price from $43 to $47. The new note on the price target was released on April 19, 2021, representing the official price target for Trip.com Group Limited stock. Previously, the target price had yet another raise to $51, while Bernstein analysts kept a Outperform rating on TCOM stock.
The Average True Range (ATR) for Trip.com Group Limited is set at 1.28, with the Price to Sales ratio for TCOM stock in the period of the last 12 months amounting to 17.38. The Price to Book ratio for the last quarter was 1.41, with the Price to Cash per share for the same quarter was set at 6.53.
Trading performance analysis for TCOM stock
Trip.com Group Limited [TCOM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.62. With this latest performance, TCOM shares gained by 0.59% in over the last four-week period, additionally plugging by 8.51% over the last 6 months – not to mention a rise of 33.40% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TCOM stock in for the last two-week period is set at 41.57, with the RSI for the last a single of trading hit 35.89, and the three-weeks RSI is set at 44.60 for Trip.com Group Limited [TCOM]. The present Moving Average for the last 50 days of trading for this stock 38.57, while it was recorded at 37.89 for the last single week of trading, and 35.02 for the last 200 days.
Trip.com Group Limited [TCOM]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Trip.com Group Limited [TCOM] shares currently have an operating margin of -7.77 and a Gross Margin at +77.99. Trip.com Group Limited’s Net Margin is presently recorded at -17.73.
Return on Total Capital for TCOM is now -0.88, given the latest momentum, and Return on Invested Capital for the company is -2.56. Return on Equity for this stock declined to -3.11, with Return on Assets sitting at -1.64. When it comes to the capital structure of this company, Trip.com Group Limited [TCOM] has a Total Debt to Total Equity ratio set at 57.21. Additionally, TCOM Total Debt to Total Capital is recorded at 36.39, with Total Debt to Total Assets ending up at 30.66. Long-Term Debt to Equity for the company is recorded at 23.25, with the Long-Term Debt to Total Capital now at 14.79.
Reflecting on the efficiency of the workforce at the company, Trip.com Group Limited [TCOM] managed to generate an average of -$109,240 per employee. Receivables Turnover for the company is 1.61 with a Total Asset Turnover recorded at a value of 0.09.Trip.com Group Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.
Trip.com Group Limited [TCOM]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Trip.com Group Limited posted -0.29/share EPS, while the average EPS was predicted by analysts to be reported at -0.47/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 38.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TCOM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Trip.com Group Limited go to 3.25%.
An analysis of insider ownership at Trip.com Group Limited [TCOM]
There are presently around $14,865 million, or 66.00% of TCOM stock, in the hands of institutional investors. The top three institutional holders of TCOM stocks are: MORGAN STANLEY with ownership of 43,922,168, which is approximately 20.916% of the company’s market cap and around 4.00% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 27,991,989 shares of the stock with an approximate value of $1.05 billion in TCOM stocks shares; and BLACKROCK INC., currently with $770.68 million in TCOM stock with ownership of nearly -1.468% of the company’s market capitalization.
Positions in Trip.com Group Limited stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 211 institutional holders increased their position in Trip.com Group Limited [NASDAQ:TCOM] by around 62,059,904 shares. Additionally, 148 investors decreased positions by around 54,929,720 shares, while 35 investors held positions by with 280,683,279 shares. The mentioned changes placed institutional holdings at 397,672,903 shares, according to the latest SEC report filing. TCOM stock had 59 new institutional investments in for a total of 12,650,878 shares, while 35 institutional investors sold positions of 7,436,917 shares during the same period.