Deutsche Bank Begins Coverage on Ctrip.Com International (CTRP)

Deutsche Bank initiated coverage on shares of Ctrip.Com International (NASDAQ:CTRP) in a research note issued to investors on Monday, The Fly reports. The brokerage set a “hold” rating on the stock.

CTRP has been the subject of several other reports. Guggenheim lowered shares of Ctrip.Com International from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 23rd. TheStreet lowered shares of Ctrip.Com International from a “b” rating to a “c+” rating in a research report on Monday, January 22nd. Wells Fargo & Co assumed coverage on shares of Ctrip.Com International in a report on Tuesday, January 30th. They issued a “market perform” rating and a $50.00 price objective for the company. Zacks Investment Research lowered shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Cowen restated a “buy” rating and issued a $57.00 price objective on shares of Ctrip.Com International in a report on Sunday, October 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $56.33.

Shares of Ctrip.Com International (NASDAQ:CTRP) opened at $46.87 on Monday. Ctrip.Com International has a 1 year low of $42.53 and a 1 year high of $60.65. The stock has a market cap of $24,055.56, a P/E ratio of 78.12 and a beta of 1.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.51 and a current ratio of 1.51.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GRATRY & Co LLC increased its stake in shares of Ctrip.Com International by 2.5% in the second quarter. GRATRY & Co LLC now owns 6,100 shares of the company’s stock worth $329,000 after buying an additional 150 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Ctrip.Com International by 3.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 13,800 shares of the company’s stock worth $747,000 after buying an additional 440 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Ctrip.Com International by 6.2% in the second quarter. Ameritas Investment Partners Inc. now owns 7,983 shares of the company’s stock worth $430,000 after buying an additional 465 shares during the period. CIBC Asset Management Inc increased its stake in shares of Ctrip.Com International by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 24,572 shares of the company’s stock worth $1,084,000 after buying an additional 1,093 shares during the period. Finally, Sit Investment Associates Inc. increased its stake in shares of Ctrip.Com International by 21.9% in the third quarter. Sit Investment Associates Inc. now owns 6,125 shares of the company’s stock worth $323,000 after buying an additional 1,100 shares during the period. 68.79% of the stock is currently owned by institutional investors.

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Ctrip.Com International Company Profile

Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.

The Fly

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