Trip.com Group (NASDAQ:TCOM) Shares Gap Down – Here’s What Happened

Trip.com Group Limited Sponsored ADR (NASDAQ:TCOM)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $46.30, but opened at $40.16. Trip.com Group shares last traded at $39.5280, with a volume of 3,764,861 shares traded.

Key Headlines Impacting Trip.com Group

Here are the key news stories impacting Trip.com Group this week:

• Positive Sentiment: Trip.com reported first-quarter 2026 revenue growth of 17% year over year to about RMB16.2 billion ($2.4 billion), showing that global and inbound travel demand remains resilient. Trip.com Group Limited Reports Unaudited First Quarter of 2026 Financial Results
• Positive Sentiment: Management said it expects to serve 200 million inbound travelers over the next five years, signaling confidence in long-term international growth opportunities. Trip.com targets serving 200M inbound travelers over 5 years while expecting Q2 net revenue growth of 3% to 8%
• Neutral Sentiment: The company’s Q1 earnings call highlighted strong revenue growth, but investors were also focused on margin pressure from rising costs. Trip.com Group Ltd (TCOM) Q1 2026 Earnings Call Highlights: Strong Revenue Growth Amidst …
• Neutral Sentiment: Trip.com also announced a tourism partnership with Tourism Tasmania aimed at boosting global travel traffic, which could support bookings over time but is not an immediate earnings catalyst. Trip.com (TCOM), Tourism Tasmania Sign MoU to Boost Global Tourism Growth
• Negative Sentiment: Trip.com’s adjusted EPS of $0.83 missed consensus estimates, and the company’s second-quarter revenue guidance of roughly $2.1 billion to $2.2 billion came in well below Wall Street expectations, fueling concerns that growth is normalizing. Trip.com (TCOM) Lags Q1 Earnings Estimates
• Negative Sentiment: Analysts noted that cost growth outpaced revenue in Q1, adding margin pressure and reducing the likelihood of a stronger near-term upside surprise. Trip.com Q1: Not Asymmetrical Enough

Analyst Ratings Changes

Several research analysts recently issued reports on TCOM shares. Weiss Ratings cut Trip.com Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $75.00 target price on shares of Trip.com Group in a report on Thursday, February 26th. Barclays reissued an “overweight” rating and set a $75.00 price target on shares of Trip.com Group in a research report on Thursday, February 26th. Benchmark restated a “buy” rating on shares of Trip.com Group in a research note on Thursday. Finally, TD Cowen decreased their price objective on Trip.com Group from $73.00 to $68.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Trip.com Group has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Trip.com Group Trading Down 13.2%

The company has a market capitalization of $26.10 billion, a PE ratio of 5.99, a price-to-earnings-growth ratio of 3.15 and a beta of -0.07. The company’s fifty day moving average is $49.81 and its 200-day moving average is $56.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.55 and a quick ratio of 1.55.

Trip.com Group (NASDAQ:TCOM) last posted its earnings results on Saturday, February 14th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Trip.com Group had a return on equity of 18.56% and a net margin of 53.28%.The firm’s quarterly revenue was up 21% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. On average, analysts anticipate that Trip.com Group Limited Sponsored ADR will post 3.61 EPS for the current fiscal year.

Institutional Trading of Trip.com Group

Hedge funds have recently modified their holdings of the company. Brown Brothers Harriman & Co. grew its position in shares of Trip.com Group by 237.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 398 shares of the company’s stock worth $29,000 after buying an additional 280 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in Trip.com Group in the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd increased its position in shares of Trip.com Group by 601.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 554 shares of the company’s stock worth $42,000 after purchasing an additional 475 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Trip.com Group by 384.6% during the 1st quarter. NewEdge Advisors LLC now owns 567 shares of the company’s stock valued at $36,000 after purchasing an additional 450 shares during the last quarter. Finally, First Horizon Corp grew its stake in Trip.com Group by 69.3% during the 1st quarter. First Horizon Corp now owns 611 shares of the company’s stock worth $30,000 after buying an additional 250 shares during the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Company Profile

Trip.com Group (NASDAQ: TCOM) is a China-based online travel services company that provides a broad range of consumer and business travel products. The company operates consumer-facing travel platforms and mobile apps that enable users to search, book and manage hotel reservations, airline tickets, packaged tours, rail travel, car rentals, airport transfers and local activities. It also offers corporate travel management and B2B solutions that support travel suppliers and downstream distribution partners.

Headquartered in Shanghai, Trip.com Group serves customers across China and increasingly in international markets through a portfolio of brands and global distribution channels.