Value Hunters: Look To Group Limited (TCOM)

FIVE Stock
FIVE Stock

Credit Suisse Securities (USA) LL.. recently announced the acquisition of new stake in Group Limited (NASDAQ:TCOM). The institutional investor has increased its shareholding in the Consumer Cyclical company by 538.45% to 24.62 million shares with purchase of 20.76 million shares. This fresh investment now brings its stake to 4.15% valued currently at $669.7 million. In addition, Morgan Stanley Asia Ltd. (Investm.. raised its holdings by 1.95 million to 19.27 million shares. And Artisan Partners LP has lifted its position by 14.14% or 2.11 million shares – to 17.02 million shares.

With over 6.63 million Group Limited (TCOM) shares trading Friday and a closing price of $30.63 on the day, the dollar volume was approximately $203.19 million. The shares have shown a positive weekly performance of 8.93% and its price on 08/28/20 gained nearly 5.51%. Currently, there are 595.95M common shares owned by the public and among those 566.62M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 37 analysts who have offered their price forecasts for TCOM have a consensus price objective of $210.88. The analysts have set the share’s price value over the next 12 months at a high of $269.52 and a low of $133.52 should the stock experience a downside. Incidentally, analysts’ outlook for the Group Limited stock is 2.40 for the next 12 months. The average price target is -4.93% below its last price level and a downside to the estimated low will see the stock gain 77.06% over that period. But an upside of 88.64% will see the stock hit the forecast high price target while mean target price for the stock is $212.32.

The top 3 mutual fund holders in Group Limited are T Rowe Price Science & Technology, Artisan International Value Fund, and Vanguard Total International Stoc. T Rowe Price Science & Technology owns 14.26 million shares of the company’s stock, all valued at over $387.85 million. The company bought an additional 0.25 million shares recently to bring their total holdings to about 2.40% of the shares outstanding. Artisan International Value Fund bought 1.24 million shares to see its total holdings expand to 11.23 million shares valued at over $305.39 million and representing 1.89% of the shares outstanding. Vanguard Total International Stoc sold 6141.0 shares to bring its total holdings to over 7.72 million shares at a value of $209.86 million. Vanguard Total International Stoc now owns shares totaling to 1.30% of the shares outstanding.

Shares of Group Limited (NASDAQ: TCOM) opened at $29.10, up $0.07 from a prior closing price of $29.03. However, the script later closed the day at $30.63, up 5.51%. The company’s stock has a 5-day price change of 8.93% and 18.26% over the past three months. TCOM shares are trading -8.68% year to date (YTD), with the 12-month market performance down to -3.89% lower. It has a 12-month low price of $20.10 and touched a high of $38.95 over the same period. Currently, 6.63 million shares have been traded, compared to an average intraday trading volume of 4.99 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.31%, 11.75%, and 6.09% respectively.

Institutional ownership of Group Limited (NASDAQ: TCOM) shares accounts for 73.00% of the company’s 595.95M shares outstanding. Mutual fund holders own 34.31%, while other institutional holders and individual stakeholders account for 36.17% and — respectively.

It has a market capitalization of $17.22B and a beta (3y monthly) value of 1.58. The earnings-per-share (ttm) stands at -$0.84. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.90% over the week and 2.39% over the month.

Analysts forecast that Group Limited (TCOM) will achieve an EPS of -$0.45 for the current quarter, $0.13 for the next quarter and $1.26 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.49 while analysts give the company a high EPS estimate of -$0.23. Comparatively, EPS for the current quarter was $0.32 a year ago. Earnings per share for the fiscal year are expected to increase by 457.30%, and 306.60% over the next financial year. EPS should shrink at an annualized rate of 5.50% over the next five years, compared to 68.90% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 37 brokerage firm advisors rate Group Limited (TCOM) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 19 Wall Street analysts polled rate the stock as a buy, while 16 of the 37 advise that investors “hold,” and 1 rated it as a “Sell.”

Looking at the support for the TCOM, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on July 10, 2020, with the firm’s price target at. Nomura coverage for the Group Limited (TCOM) stock in a research note released on May 29, 2020 offered a Buy rating with a price target of. New Street was of a view on April 28, 2020 that the stock is Buy, while Goldman gave the stock Neutral rating on April 20, 2020, issuing a price target of $36- $26. Credit Suisse on their part issued Neutral rating on March 19, 2020.


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