OVERSEA CHINESE BANKING Corp Ltd Makes New $321,000 Investment in Trip.com Group Limited (NASDAQ:TCOM)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM) during the third quarter, HoldingsChannel.com reports. The fund acquired 5,669 shares of the company’s stock, valued at approximately $321,000.

A number of other institutional investors have also made changes to their positions in TCOM. Atlas Capital Advisors LLC grew its holdings in Trip.com Group by 115.7% during the second quarter. Atlas Capital Advisors LLC now owns 3,628 shares of the company’s stock valued at $171,000 after purchasing an additional 1,946 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Trip.com Group in the 1st quarter valued at $740,000. Bayesian Capital Management LP bought a new position in Trip.com Group in the 1st quarter worth $742,000. M&G Plc acquired a new position in Trip.com Group during the 1st quarter worth $14,498,000. Finally, Varma Mutual Pension Insurance Co bought a new stake in Trip.com Group during the second quarter valued at about $2,914,000. 35.41% of the stock is owned by institutional investors.

Trip.com Group Trading Down 3.0 %

Shares of TCOM stock opened at $62.08 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a fifty day moving average of $58.56 and a 200-day moving average of $51.89. Trip.com Group Limited has a 52-week low of $31.55 and a 52-week high of $69.67. The stock has a market cap of $39.99 billion, a price-to-earnings ratio of 21.66 and a beta of 0.39.

Trip.com Group (NASDAQ:TCOM) last posted its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.22. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. On average, equities research analysts forecast that Trip.com Group Limited will post 2.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TCOM shares. Citigroup boosted their price objective on Trip.com Group from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Macquarie upgraded Trip.com Group to a “strong-buy” rating in a report on Monday, October 7th. Hsbc Global Res downgraded shares of Trip.com Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 8th. HSBC lowered shares of Trip.com Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Mizuho increased their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.33.

About Trip.com Group

Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours and in-destination, corporate travel management, and other travel-related services in China and internationally. The company acts as an agent for hotel-related transactions and selling air tickets, as well as provides train, long-distance bus, and ferry tickets; travel insurance products, such as flight delay, air accident, and baggage loss coverage; and air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracker, and airport VIP lounge services.