Balyasny Asset Management L.P. Buys New Shares in Trip.com Group Limited (NASDAQ:TCOM)

Balyasny Asset Management L.P. bought a new stake in Trip.com Group Limited (NASDAQ:TCOM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,535 shares of the company's stock, valued at approximately $655,000.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of Trip.com Group in the 4th quarter valued at about $25,000. National Bank of Canada FI boosted its stake in shares of Trip.com Group by 227.7% in the 4th quarter. National Bank of Canada FI now owns 462 shares of the company's stock valued at $32,000 after purchasing an additional 321 shares during the last quarter. Rakuten Securities Inc. boosted its stake in shares of Trip.com Group by 1,496.7% in the 4th quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock valued at $33,000 after purchasing an additional 449 shares during the last quarter. Principal Securities Inc. raised its position in shares of Trip.com Group by 46.8% in 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 raised its position in shares of 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 period. Institutional investors own 35.41% of the company's stock.

Trip.com Group Stock Down 1.4%

Shares of NASDAQ TCOM traded down $0.87 during midday trading on Wednesday, reaching $62.51. The company's stock had a trading volume of 708,900 shares, compared to its average volume of 4,012,042. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.14. Trip.com Group Limited has a fifty-two week low of $38.23 and a fifty-two week high of $77.18. The stock has a market capitalization of $40.84 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 0.67 and a beta of 0.08. The stock has a 50 day simple moving average of $60.40 and a 200-day simple moving average of $64.56.

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 paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's dividend payout ratio is presently 8.02%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TCOM. TD Securities increased their price target on shares of Trip.com Group from $67.00 to $73.00 and gave the company a "buy" rating in a research report on Tuesday. Bank of America increased their price target on shares of Trip.com Group from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Benchmark reiterated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday. Finally, StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $77.25.

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.