Maytus Capital Management LLC Reduces Stock Position in Trip.com Group Limited (NASDAQ:TCOM)

Maytus Capital Management LLC decreased its position in Trip.com Group Limited (NASDAQ:TCOM - Free Report) by 10.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,000 shares of the company's stock after selling 9,000 shares during the quarter. Trip.com Group makes up 1.8% of Maytus Capital Management LLC's investment portfolio, making the stock its 26th largest position. Maytus Capital Management LLC's holdings in Trip.com Group were worth $5,218,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. abrdn plc increased its holdings in shares of Trip.com Group by 0.5% in the 4th quarter. abrdn plc now owns 29,598 shares of the company's stock worth $2,032,000 after buying an additional 150 shares during the last quarter. Principal Securities Inc. raised 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 purchasing an additional 169 shares during the period. Rhumbline Advisers boosted its holdings in shares of Trip.com Group by 1.6% in the 4th quarter. Rhumbline Advisers now owns 12,014 shares of the company's stock worth $825,000 after purchasing an additional 184 shares during the period. Blair William & Co. IL increased its position in shares of Trip.com Group by 4.3% during the 4th quarter. Blair William & Co. IL now owns 5,349 shares of the company's stock valued at $367,000 after purchasing an additional 219 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Trip.com Group by 2.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,745 shares of the company's stock worth $875,000 after buying an additional 244 shares during the period. 35.41% of the stock is currently owned by hedge funds and other institutional investors.

Trip.com Group Stock Up 6.6%

TCOM opened at $65.52 on Tuesday. Trip.com Group Limited has a 12 month low of $38.23 and a 12 month high of $77.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.42 and a quick ratio of 1.42. The business has a 50 day simple moving average of $60.00 and a 200-day simple moving average of $64.53. The stock has a market capitalization of $42.80 billion, a P/E ratio of 19.62, a P/E/G ratio of 0.67 and a beta of 0.08.

Trip.com Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TCOM. Mizuho upgraded shares of Trip.com Group to a "strong-buy" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price target 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. Benchmark reiterated a "buy" rating and set a $80.00 price objective on shares of Trip.com Group in a report on Tuesday, February 25th. Finally, StockNews.com downgraded Trip.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. One analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $77.08.

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.

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