175,000 Shares in Trip.com Group Limited (NASDAQ:TCOM) Bought by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. purchased a new position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 175,000 shares of the company's stock, valued at approximately $12,016,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of Trip.com Group in the 4th quarter worth about $25,000. National Bank of Canada FI raised its holdings in shares of Trip.com Group by 227.7% in the fourth quarter. National Bank of Canada FI now owns 462 shares of the company's stock worth $32,000 after buying an additional 321 shares during the period. Rakuten Securities Inc. lifted its stake in shares of Trip.com Group by 1,496.7% during the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after acquiring an additional 449 shares during the last quarter. Principal Securities Inc. boosted its holdings in Trip.com Group by 46.8% during the 4th quarter. Principal Securities Inc. now owns 530 shares of the company's stock valued at $36,000 after acquiring an additional 169 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Trip.com Group by 443.5% in the 4th quarter. Farther Finance Advisors LLC now owns 625 shares of the company's stock valued at $43,000 after acquiring an additional 510 shares during the last quarter. 35.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TCOM has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Benchmark reaffirmed a "buy" rating and set a $80.00 target price on shares of Trip.com Group in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their price target on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Finally, Mizuho upgraded Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $77.08.

Trip.com Group Stock Down 0.9 %

Shares of NASDAQ TCOM traded down $0.54 during trading hours on Friday, hitting $61.43. 1,684,057 shares of the stock were exchanged, compared to its average volume of 4,027,701. The firm has a fifty day moving average price of $59.92 and a 200-day moving average price of $64.46. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The company has a market cap of $40.13 billion, a PE ratio of 18.39, a PEG ratio of 0.67 and a beta of 0.08.

Trip.com Group Announces Dividend

The company also recently announced a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were given a $0.30 dividend. The ex-dividend date was Monday, March 17th. Trip.com Group's payout ratio is 8.02%.

Trip.com Group 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.