Sunday, June 26, 2022

A Guide To The Risks Of Investing In Trip.com Group Limited (TCOM)

Macquarie upgraded its Trip.com Group Limited [TCOM] rating to an Outperform from a a Neutral in a research note published on Tuesday. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid March from “an Overweight” to “a Neutral”. Barclays began covering TCOM with a “an Overweight” recommendation on February 08, 2022. New Street revised its rating on January 04, 2022. It rated TCOM as “a Buy” which previously was an “a Neutral”.


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Price Performance Review of TCOM

On Tuesday, Trip.com Group Limited [NASDAQ:TCOM] saw its stock jump 8.06% to $23.07. On the same session, the stock had its day’s lowest price of $21.98, but rose to a high of $23.255. Over the last five days, the stock has gained 12.32%. Trip.com Group Limited shares have fallen nearly -6.30% since the year began. Nevertheless, the stocks have fallen -37.41% over the past one year. While a 52-week high of $37.40 was reached on 02/15/22, a 52-week low of $14.29 was recorded on 03/14/22. SMA at 50 days reached $21.79, while 200 days put it at $25.75. A total of 7.2 million shares were traded, compared to the trading of 3.55 million shares in the previous session.

Levels Of Support And Resistance For TCOM Stock

The 24-hour chart illustrates a support level at 22.28, which if violated will result in even more drops to 21.49. On the upside, there is a resistance level at 23.56. A further resistance level may holdings at 24.04. The Relative Strength Index (RSI) on the 14-day chart is 54.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.62%. Stochastics %K at 30.54% indicates the stock is a holding.

Trip.com Group Limited [TCOM] – Who Are The Largest Shareholders?

In filings from Morgan Stanley Investment Managem, it is revealed that the company now owns 32,896,102 shares, or roughly 5.16% of the outstanding TCOM shares. In other words, the investor’s shares have fallen by -4,155,349 from its previous 13-F filing of 37051451.0. Additionally, T. Rowe Price Associates, Inc. decreased -19.85% of its stake after which the total value it holdings stand at $666,716,402, while The Vanguard Group, Inc. added 0.18% of its stake to hold $344.29 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 1,199,576 shares of Trip.com Group Limited, while Capital Research & Management Co bought 1,072,288 shares. At present, Krane Funds Advisors LLC is holding 11,571,401 shares valued at $255.27 million. Platinum Investment Management Lt owned 11,499,707 shares of the company at the time of its most recent 13F filing, worth $253.68 million.

According to FactSet, Trip.com Group Limited’s share price will average $195.75 in the next year, based on opinions of analysts polled by the firm. This is up nearly 800.23 percent from its previous closing price of $21.35. Analysts expect Trip.com Group Limited stock to reach the higher price of $254.77, while the lowest price estimate is $154.90. However, 34 analysts have rated TCOM stock as a Buy in their predictions for 2022.

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