Macquarie Downgrades Trip.com Group to Hold, Sets $44.3 Target
Macquarie has downgraded Trip.com Group to a hold rating, setting a new price target of $44.3, a 10.86% upside from the current price.
Key Points
- Macquarie downgraded Trip.com Group to a hold rating with a new price target of $44.3 on June 26, 2026.
- Macquarie's $44.30 price target implies 10.86% upside from Trip.com Group Limited's ($TCOM) current $39.96 share price.
- Shares of Trip.com Group traded at $40.49 on Friday, with a market cap of $25.5 billion and a P/E ratio of 6.1.
- Other analysts, including Barclays and Benchmark, maintained buy ratings with targets of $60 and $65, respectively.
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Macquarie has downgraded Trip.com Group Limited (NasdaqGS: TCOM) to a hold rating, setting a new price target of $44.3. The announcement was made on June 26, 2026, by analyst Ellie Jiang. Trip.com Group shares traded at $40.49 on Friday.
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Other Institutional Activity in Trip.com Group
Capital World Investors increased its holdings in Trip.com Group by 3,305,361 shares, bringing its total to 36,115,209 shares valued at approximately $1.8 billion, marking a 10.1% increase. Morgan Stanley, on the other hand, reduced its stake by 3,270,924 shares, now holding 13,107,012 shares worth about $652.6 million, a 20% decrease. Sanders Capital, LLC also added 750,137 shares, resulting in a total of 10,640,774 shares valued at $529.8 million, reflecting a 7.6% increase. Davis Selected Advisers boosted its position by 1,501,723 shares to 6,555,112 shares, valued at $326.4 million, a 29.7% increase.
Trip.com Group Limited Stock Down 11.9%
Shares of Trip.com Group traded near $40.49 on Friday. The company, with a market cap of $25.5 billion, has a P/E ratio of 6.1 and a forward P/E of 8.7. The stock has seen a 52-week low of $38.04 and a high of $78.99. It maintains a 50-day moving average of $49.88 and a 200-day moving average of $61.48. Trip.com Group's financial stability is indicated by a current ratio of 1.55 and a quick ratio of 1.25, with a debt-to-equity ratio of 18.32.
$TCOM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
For its most recent quarter, Trip.com Group reported revenue of $62.4 billion, reflecting a growth rate of 20.8%. The company's net margin stood at 53.3%, while return on equity was 21.1%. The earnings per share (EPS) was $6.66. The next earnings report is expected on June 24, 2026.
Dividend
Trip.com Group offers an annual dividend rate of $0.30, which translates to a yield of 0.57%. The company's dividend payout ratio is 4.57%.
Insider Buying and Selling at Trip.com Group Limited
On September 3, 2025, Liang Jianzhang purchased 1,000,000 shares, while Smart Charm Ltd sold 1,000,000 shares at $73.75 each on the same day. Additionally, Xiong Xing sold 400,000 shares at $71.23 on September 4, 2025. Fan Min also sold 70,000 shares at $64.92 on September 2, 2025.
Analysts Set New Price Targets
On June 26, 2026, Macquarie downgraded Trip.com Group to a hold rating with a $44.3 price target. On the same day, Barclays maintained its buy rating with a $60 target, and Benchmark also maintained a buy rating, setting a target of $65. The consensus among analysts is a strong buy, with an average target price of $71.12 based on 28 opinions.
About Trip.com Group
Trip.com Group Limited is a leading travel service provider, headquartered in Singapore. The company offers a range of services including accommodation reservations, transportation ticketing, packaged tours, and corporate travel management. Led by CEO Jie Sun, the company operates internationally under various brand names such as Ctrip, Qunar, and Skyscanner. Founded in 1999, Trip.com Group employs over 43,000 people.
Bottom Line
Macquarie's recent downgrade of Trip.com Group to a hold rating with a $44.3 target reflects a more cautious outlook. Investors often track such analyst updates for insights, although these ratings are backward-looking and may not represent the latest market conditions. Trip.com Group's financials and strategic position in the travel industry remain key points of interest.
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