Oaktree Fund Advisors LLC Invests $3.04 Million in Trip.com Group Limited (NASDAQ:TCOM)

Oaktree Fund Advisors LLC purchased a new stake in Trip.com Group Limited (NASDAQ:TCOM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 64,737 shares of the company’s stock, valued at approximately $3,043,000. Trip.com Group accounts for about 2.9% of Oaktree Fund Advisors LLC’s portfolio, making the stock its 13th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in Trip.com Group by 1,188.0% in the 2nd quarter. Fifth Third Bancorp now owns 1,069 shares of the company’s stock valued at $50,000 after purchasing an additional 986 shares in the last quarter. Hilltop National Bank grew its holdings in Trip.com Group by 322.1% during 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 period. Benjamin F. Edwards & Company Inc. raised its position 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 worth $55,000 after acquiring an additional 489 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Trip.com Group in the second quarter valued at $66,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Trip.com Group during the 2nd quarter worth $74,000. 35.41% of the stock is owned by hedge funds and other institutional investors.

Trip.com Group Trading Up 2.6 %

Trip.com Group stock opened at $48.66 on Friday. The stock has a 50-day moving average price of $44.68 and a 200 day moving average price of $47.73. Trip.com Group Limited has a 52 week low of $31.55 and a 52 week high of $58.00. The stock has a market cap of $31.34 billion, a PE ratio of 21.92 and a beta of 0.39. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.15.

Trip.com Group (NASDAQ:TCOM) last issued its quarterly earnings results on Monday, August 26th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.80 billion. Trip.com Group had a net margin of 28.78% and a return on equity of 11.52%. Equities research analysts predict that Trip.com Group Limited will post 2.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TCOM has been the topic of a number of research analyst reports. Benchmark reissued a “buy” rating and set a $72.00 price objective on shares of Trip.com Group in a report on Tuesday, August 27th. TD Cowen decreased their price target on Trip.com Group from $63.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, August 27th. Finally, StockNews.com downgraded Trip.com Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $62.50.

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.