Balyasny Asset Management L.P. Invests $655,000 in Trip.com Group Limited (NASDAQ:TCOM)

Balyasny Asset Management L.P. purchased a new stake in shares of Trip.com Group Limited (NASDAQ:TCOM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,535 shares of the company's stock, valued at approximately $655,000.

Other hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in Trip.com Group during the fourth quarter valued at approximately $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 worth $32,000 after buying an additional 321 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of Trip.com Group by 1,496.7% in the fourth quarter. Rakuten Securities Inc. now owns 479 shares of the company's stock worth $33,000 after acquiring an additional 449 shares during the period. Principal Securities Inc. increased its position in Trip.com Group by 46.8% during the fourth 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 last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Trip.com Group by 443.5% in the fourth 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. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. StockNews.com downgraded shares of Trip.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, April 26th. Mizuho upgraded Trip.com Group to a "strong-buy" rating in a research report on Friday, May 2nd. Benchmark restated a "buy" rating and issued a $80.00 price target on shares of Trip.com Group in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price objective on Trip.com Group from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Trip.com Group presently has a consensus rating of "Buy" and a consensus price target of $78.53.

Trip.com Group Stock Up 3.3%

TCOM stock traded up $2.13 during trading on Monday, hitting $67.10. 4,196,407 shares of the company's stock traded hands, compared to its average volume of 4,011,665. The business has a fifty day simple moving average of $60.24 and a two-hundred day simple moving average of $64.56. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $43.83 billion, a P/E ratio of 20.09, a PEG ratio of 0.67 and a beta of 0.08. Trip.com Group Limited has a 1 year low of $38.23 and a 1 year high of $77.18.

Trip.com Group Announces Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, April 4th. Investors of record on Monday, March 17th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, March 17th. Trip.com Group's dividend payout ratio (DPR) is currently 8.02%.

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.