# Trip.com Group Limited (TCOM)

> Source: Nexqual · https://nexqual.com/TCOM · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Trip.com Group Limited (TCOM), nexqual.com/TCOM" · informational, not investment advice.

**Price:** USD 39.57 (+0.66% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 39.31 · day 39.19–39.82 · 52w 37.58–78.99 · market cap $24.9B · NMS

## Key facts
- 3 of 80 tracked superinvestors hold TCOM (13F, Q2 2026): 0 new, 1 added, 1 reduced, 1 unchanged.
- Analysts: Buy (mean 1.90 on a 1–5 scale) (29 analysts), mean target USD 58.82 (range 42.3–68.57).
- Total return with dividends: 1Y -44.3% vs S&P 500 +14.9%; 5Y +30.6% vs S&P 500 +80.3%.
- Next earnings: 2026-09-15, EPS estimate USD 8.22, revenue estimate $18.9B.

## Superinvestors (SEC 13F-HR, Q2 2026)
3 of 80 tracked investors hold TCOM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Davis | Davis Advisors | 1.50% | $349M | Added +33.7% |
| William Von Mueffling | Cantillon Capital Management | 1.28% | $8.5M | Reduced -95.3% |
| Dodge & Cox Funds | Dodge & Cox | <0.01% | $2.0M | Unchanged |

## Analysts
Consensus Buy (mean 1.90 on a 1–5 scale), 29 analysts; mean target USD 58.82 (low 42.3, high 68.57).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-17 | JP Morgan | Target lowered | Overweight | $72 → $62 |
| 2026-09-17 | Macquarie | Upgrade | Neutral → Outperform | $44.3 → $53.2 |
| 2026-09-16 | Mizuho | Target lowered | Outperform | $65 → $60 |
| 2026-09-16 | StoneX | Target lowered | Buy | $65 → $60 |
| 2026-07-30 | Citigroup | Target lowered | Buy | $64 → $62 |
| 2026-07-28 | JP Morgan | Target lowered | Overweight | $75 → $72 |
| 2026-07-02 | China Renaissance | Downgrade | Buy → Hold | $42 |
| 2026-06-29 | B of A Securities | Target lowered | Buy | $78 → $64 |
| 2026-06-26 | Macquarie | Downgrade | Outperform → Neutral | $44.3 |
| 2026-06-26 | Barclays | Target lowered | Overweight | $75 → $60 |
| 2026-06-25 | Mizuho | Target lowered | Outperform | $79 → $65 |
| 2026-06-25 | Benchmark | Target lowered | Buy | $72 → $65 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -44.3% | +30.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -44.4% | +5.5% |
| Volatility (annualized) | 36.2% | 45.2% |
| Max drawdown | -51.9% (Jan 2026→Oct 2026) | -51.5% (Sep 2025→Sep 2026) |

## Peers (Travel Services)
EXPE (Expedia Group, Inc.) USD 298.49 +4.50% · CCL (Carnival Corporation Ltd.) USD 27.08 -0.81% · VIK (Viking Holdings Ltd) USD 85 -1.96% · RCL (Royal Caribbean Cruises Ltd.) USD 286.13 -0.80% · NCLH (Norwegian Cruise Line Holdings ) USD 15.54 -0.32% · ABNB (Airbnb, Inc.) USD 175.76 +1.19%

## More
Full page: https://nexqual.com/TCOM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in TCOM's own 20-F filed 2026-04-28 (https://www.sec.gov/Archives/edgar/data/1269238/000119312526183379/d27369d20f.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Related party | Lenovo | "Before that, Mr. Luo held different financial management positions at Lenovo Group and Microsoft." |
| Related party | Microsoft (MSFT) | "Before that, Mr. Luo held different financial management positions at Lenovo Group and Microsoft." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $8.22 | $8.14 | +0.9% | $18.94B | 15 |
| Next quarter (ends 2026-12-31) | $4.74 | $5.05 | -6.0% | $15.90B | 12 |
| Current fiscal year (ends 2026-12-31) | $25.20 | $25.00 | +0.8% | $66.59B | 22 |
| Next fiscal year (ends 2027-12-31) | $27.53 | $28.94 | -4.9% | $72.62B | 23 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 37.5% | ±8.4% |
| 2026-12-18 | 56 | 32.8% | ±10.3% |
| 2027-01-15 | 84 | 33.7% | ±12.8% |
| 2027-03-19 | 147 | 36.3% | ±18.3% |
| 2027-06-17 | 237 | 33.9% | ±21.6% |