Macquarie lifts Trip.com Group Limited [TCOM] price estimate. Who else is bullish?

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Trip.com Group Limited [NASDAQ: TCOM] gained 4.41% or 1.13 points to close at $26.74 with a heavy trading volume of 5954851 shares. The company report on July 1, 2022 that Trip.com Group Announces Changes in Board Composition.


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Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) (“Trip.com Group” or the “Company”), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management, today announced that Dr. Dou Shen, a director nominated by Baidu Inc. (Nasdaq: BIDU; HKEX: 9888) (“Baidu”), has tendered his resignation as a director of the Company, effective on July 1, 2022, and that Mr. Junjie He, a senior vice president of Baidu Inc., has been appointed as a successor director of Trip.com Group following Dr. Dou Shen’s resignation.

Mr. Junjie He joined Baidu in June 2019. Currently serving as a senior vice president of Baidu, Mr. He was appointed as the leader, and be in full charge, of the Mobile Ecosystem Group (MEG) in May 2022. Prior to his current position, Mr. He oversaw Baidu’s M&A (Mergers & Acquisition), SIM (Strategic Investment Management), SOM (Sales Operation and Management), and FP&A (Financial Planning & Analysis) departments. Prior to joining Baidu, he had rich working experience with investment firms including China International Capital Corporation (CICC), CITIC Private Equity, Warburg Pincus and Tibet Langrun Capital. Mr. He currently also serves on the board of directors of iQIYI, Inc. (Nasdaq: IQ). Mr. He obtained his bachelor’s degree from the Guanghua School of Management, Peking University in 2007.

It opened the trading session at $25.70, the shares rose to $27.14 and dropped to $25.70, the range by which the price of stock traded the whole day. The daily chart for TCOM points out that the company has recorded 12.73% gains over the past six months. However, it is still -87.12% lower than its most recent low trading price.

If we look at the average trading volume of 5.96M shares, TCOM reached to a volume of 5954851 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 $32.19 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 2.00. 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.

Macquarie have made an estimate for Trip.com Group Limited shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 15, 2022. The new note on the price target was released on March 14, 2022, representing the official price target for Trip.com Group Limited stock. Previously, the target price had yet another raise to $33, while Barclays analysts kept a Overweight rating on TCOM stock.

The Average True Range (ATR) for Trip.com Group Limited is set at 1.61, with the Price to Sales ratio for TCOM stock in the period of the last 12 months amounting to 5.89. The Price to Book ratio for the last quarter was 1.07, with the Price to Cash per share for the same quarter was set at 11.62.

Trading performance analysis for TCOM stock

Trip.com Group Limited [TCOM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.74. With this latest performance, TCOM shares gained by 28.62% in over the last four-week period, additionally plugging by 12.73% over the last 6 months – not to mention a drop of -7.35% 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 58.49, with the RSI for the last a single of trading hit 60.08, and the three-weeks RSI is set at 57.29 for Trip.com Group Limited [TCOM]. The present Moving Average for the last 50 days of trading for this stock 23.00, while it was recorded at 25.86 for the last single week of trading, and 25.34 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 -7.05 and a Gross Margin at +77.04. Trip.com Group Limited’s Net Margin is presently recorded at -2.75.

Return on Total Capital for TCOM is now -0.88, given the latest momentum, and Return on Invested Capital for the company is -0.45. Return on Equity for this stock declined to -0.52, with Return on Assets sitting at -0.29. 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 47.16. Additionally, TCOM Total Debt to Total Capital is recorded at 32.05, with Total Debt to Total Assets ending up at 26.96. Long-Term Debt to Equity for the company is recorded at 10.48, with the Long-Term Debt to Total Capital now at 7.12.

Reflecting on the efficiency of the workforce at the company, Trip.com Group Limited [TCOM] managed to generate an average of -$19,651 per employee. Receivables Turnover for the company is 2.05 with a Total Asset Turnover recorded at a value of 0.11.Trip.com Group Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

Trip.com Group Limited [TCOM]: An earnings per share (EPS) analysis

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 73.64%.

An analysis of insider ownership at Trip.com Group Limited [TCOM]

There are presently around $10,241 million, or 57.10% of TCOM stock, in the hands of institutional investors. The top three institutional holders of TCOM stocks are: MORGAN STANLEY with ownership of 35,670,937, which is approximately -8.99% of the company’s market cap and around 4.00% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 30,222,865 shares of the stock with an approximate value of $808.16 million in TCOM stocks shares; and BLACKROCK INC., currently with $680.71 million in TCOM stock with ownership of nearly 18.056% of the company’s market capitalization.

Positions in Trip.com Group Limited stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 152 institutional holders increased their position in Trip.com Group Limited [NASDAQ:TCOM] by around 46,644,641 shares. Additionally, 150 investors decreased positions by around 64,262,867 shares, while 36 investors held positions by with 272,060,027 shares. The mentioned changes placed institutional holdings at 382,967,535 shares, according to the latest SEC report filing. TCOM stock had 27 new institutional investments in for a total of 12,349,772 shares, while 50 institutional investors sold positions of 14,178,973 shares during the same period.

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