Schwab Charles Investment Management Inc. bought a new position in Ctrip.Com International Ltd (NASDAQ:CTRP) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 82,898 shares of the company’s stock, valued at approximately $4,373,000.
A number of other large investors have also modified their holdings of the business. GRATRY & Co LLC raised its position in Ctrip.Com International by 2.5% in the 2nd 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 last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in Ctrip.Com International by 3.3% in the 2nd 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 last quarter. Ameritas Investment Partners Inc. raised its position in Ctrip.Com International by 6.2% in the 2nd 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 last quarter. MML Investors Services LLC raised its position in Ctrip.Com International by 12.6% in the 2nd quarter. MML Investors Services LLC now owns 7,819 shares of the company’s stock worth $421,000 after buying an additional 874 shares during the last quarter. Finally, Sit Investment Associates Inc. raised its position in Ctrip.Com International by 21.9% in the 3rd 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 last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have weighed in on CTRP. BidaskClub lowered Ctrip.Com International from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 25th. Oppenheimer reaffirmed a “buy” rating and set a $53.00 price target on shares of Ctrip.Com International in a research report on Tuesday, December 12th. Zacks Investment Research raised shares of Ctrip.Com International from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Wells Fargo & Co began coverage on shares of Ctrip.Com International in a research report on Tuesday. They set a “market perform” rating and a $50.00 price target for the company. Finally, Morgan Stanley began coverage on shares of Ctrip.Com International in a research report on Friday, January 5th. They set a “weight” rating and a $48.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Ctrip.Com International has a consensus rating of “Hold” and an average target price of $56.33.
Ctrip.Com International Ltd (NASDAQ CTRP) traded down $0.38 during trading on Friday, reaching $46.87. 5,666,175 shares of the company traded hands, compared to its average volume of 4,778,805. The stock has a market cap of $24,250.59, a price-to-earnings ratio of 78.12 and a beta of 1.90. Ctrip.Com International Ltd has a one year low of $42.53 and a one year high of $60.65. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40.
Ctrip.Com International (NASDAQ:CTRP) last released its earnings results on Wednesday, November 1st. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.26. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.15 billion. Ctrip.Com International had a net margin of 8.92% and a return on equity of 2.92%. analysts predict that Ctrip.Com International Ltd will post 0.44 EPS for the current fiscal year.
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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.
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