Oppenheimer & Co. Inc. Invests $739,000 in Trip.com Group Limited (NASDAQ:TCOM)

Oppenheimer & Co. Inc. acquired a new position in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,433 shares of the company's stock, valued at approximately $739,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TCOM. Fifth Third Bancorp raised its holdings in shares of Trip.com Group by 1,188.0% during the second quarter. Fifth Third Bancorp now owns 1,069 shares of the company's stock worth $50,000 after purchasing an additional 986 shares during the period. Hilltop National Bank lifted its holdings in Trip.com Group by 322.1% in the second quarter. Hilltop National Bank now owns 1,148 shares of the company's stock worth $54,000 after acquiring an additional 876 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Trip.com Group by 72.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,165 shares of the company's stock valued at $55,000 after acquiring an additional 489 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Trip.com Group during the second quarter valued at approximately $66,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Trip.com Group during the 2nd quarter worth approximately $74,000. Institutional investors own 35.41% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TCOM. Citigroup upped their price objective on Trip.com Group from $66.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. TD Cowen boosted their target price on shares of Trip.com Group from $56.00 to $71.00 and gave the company a "buy" rating in a research note on Tuesday. Mizuho raised their price target on shares of Trip.com Group from $65.00 to $78.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Hsbc Global Res downgraded Trip.com Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 8th. Finally, StockNews.com lowered Trip.com Group from a "buy" rating to a "hold" rating in a report on Tuesday, August 13th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $74.18.

Trip.com Group Price Performance

Shares of NASDAQ:TCOM traded up $2.05 during trading hours on Wednesday, hitting $64.79. 4,488,373 shares of the company's stock traded hands, compared to its average volume of 4,046,274. The company has a market cap of $41.73 billion, a price-to-earnings ratio of 19.40 and a beta of 0.39. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $69.67. 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 company's fifty day simple moving average is $60.28 and its two-hundred day simple moving average is $52.37.

Trip.com Group (NASDAQ:TCOM - Get Free Report) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.22. The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. Trip.com Group had a return on equity of 11.52% and a net margin of 28.78%. As a group, equities analysts anticipate that Trip.com Group Limited will post 2.93 EPS for the current fiscal year.

Trip.com Group Company Profile

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.