Handelsbanken Fonder AB Has $2 Million Stake in Ctrip.com International, Ltd. (NASDAQ:CTRP)

Handelsbanken Fonder AB grew its holdings in Ctrip.com International, Ltd. (NASDAQ:CTRP) by 375.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,000 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Ctrip.com International were worth $2,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Parallel Advisors LLC lifted its stake in shares of Ctrip.com International by 13.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,057 shares of the company’s stock valued at $123,000 after purchasing an additional 237 shares during the period. Highstreet Asset Management Inc. bought a new stake in Ctrip.com International in the 2nd quarter valued at about $121,000. Huntington National Bank increased its position in Ctrip.com International by 40.5% in the 2nd quarter. Huntington National Bank now owns 2,325 shares of the company’s stock valued at $125,000 after buying an additional 670 shares in the last quarter. IFP Advisors Inc increased its position in Ctrip.com International by 6.7% in the 2nd quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock valued at $136,000 after buying an additional 157 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in Ctrip.com International by 1.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,646 shares of the company’s stock valued at $143,000 after buying an additional 46 shares in the last quarter. 67.68% of the stock is currently owned by institutional investors.

CTRP has been the subject of a number of research analyst reports. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $62.00 target price (down from $65.00) on shares of Ctrip.com International in a research report on Friday, August 25th. Zacks Investment Research raised Ctrip.com International from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub lowered Ctrip.com International from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Cowen and Company reissued a “buy” rating and set a $60.00 price objective on shares of Ctrip.com International in a report on Tuesday, August 22nd. Finally, Benchmark Co. decreased their price objective on Ctrip.com International from $61.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, August 31st. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $57.42.

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Ctrip.com International, Ltd. (CTRP) traded down $0.23 during trading hours on Friday, hitting $45.67. The company’s stock had a trading volume of 3,231,900 shares, compared to its average volume of 4,182,435. The stock has a market capitalization of $23,557.72, a P/E ratio of 76.50 and a beta of 1.79. Ctrip.com International, Ltd. has a 12-month low of $39.71 and a 12-month high of $60.65. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.40.

Ctrip.com International (NASDAQ:CTRP) last issued its quarterly earnings data on Wednesday, August 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.11). Ctrip.com International had a return on equity of 2.92% and a net margin of 8.92%. The business had revenue of $946.38 million during the quarter, compared to analysts’ expectations of $929.55 million. During the same quarter last year, the business posted $0.02 EPS. The company’s quarterly revenue was up 42.5% on a year-over-year basis. equities analysts forecast that Ctrip.com International, Ltd. will post 0.45 earnings per share for the current year.

About Ctrip.com International

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.

Institutional Ownership by Quarter for Ctrip.com International (NASDAQ:CTRP)

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