Ellington Management Group LLC lessened its stake in Ctrip.Com International Ltd (NASDAQ:CTRP) by 71.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,900 shares of the company’s stock after selling 39,200 shares during the period. Ellington Management Group LLC’s holdings in Ctrip.Com International were worth $587,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Ctrip.Com International by 15.2% in the 1st quarter. BlackRock Inc. now owns 28,762,422 shares of the company’s stock worth $1,256,629,000 after purchasing an additional 3,805,273 shares in the last quarter. FIL Ltd lifted its position in shares of Ctrip.Com International by 0.6% during the 1st quarter. FIL Ltd now owns 4,826,866 shares of the company’s stock valued at $210,885,000 after buying an additional 30,010 shares in the last quarter. Pictet Asset Management Ltd. lifted its position in shares of Ctrip.Com International by 21.4% during the 2nd quarter. Pictet Asset Management Ltd. now owns 3,699,728 shares of the company’s stock valued at $136,557,000 after buying an additional 650,951 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Ctrip.Com International by 11.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,589,341 shares of the company’s stock valued at $95,573,000 after buying an additional 258,900 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Ctrip.Com International by 1.6% during the 1st quarter. Northern Trust Corp now owns 2,487,763 shares of the company’s stock valued at $108,690,000 after buying an additional 38,458 shares in the last quarter. Institutional investors and hedge funds own 62.56% of the company’s stock.
A number of research analysts have recently issued reports on CTRP shares. Daiwa Capital Markets upgraded Ctrip.Com International from an “underperform” rating to an “outperform” rating in a research report on Thursday, May 23rd. CICC Research upgraded Ctrip.Com International from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. Cowen set a $40.00 target price on Ctrip.Com International and gave the company a “buy” rating in a research report on Friday, September 13th. Morgan Stanley lowered Ctrip.Com International from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $43.00 to $35.00 in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group assumed coverage on Ctrip.Com International in a research report on Monday, August 5th. They set a “buy” rating and a $47.50 target price on the stock. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $41.68.
NASDAQ CTRP opened at $35.25 on Wednesday. Ctrip.Com International Ltd has a one year low of $25.00 and a one year high of $46.50. The company has a market cap of $19.49 billion, a P/E ratio of 37.50, a P/E/G ratio of 51.20 and a beta of 1.64. The business has a fifty day moving average price of $34.23 and a 200 day moving average price of $38.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.07.
Ctrip.Com International (NASDAQ:CTRP) last issued its earnings results on Monday, September 9th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Ctrip.Com International had a return on equity of 3.91% and a net margin of 5.79%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the company earned $0.29 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, sell-side analysts predict that Ctrip.Com International Ltd will post 0.7 EPS for the current fiscal year.
Ctrip.Com International Company Profile
Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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