ING Groep NV lessened its stake in Ctrip (NASDAQ:CTRP) by 43.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,885 shares of the company’s stock after selling 9,233 shares during the quarter. ING Groep NV’s holdings in Ctrip were worth $554,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc lifted its holdings in shares of Ctrip by 4.7% in the 4th quarter. CIBC Asset Management Inc now owns 24,572 shares of the company’s stock valued at $1,084,000 after buying an additional 1,093 shares during the period. Capital One National Association lifted its holdings in shares of Ctrip by 13.6% in the 4th quarter. Capital One National Association now owns 12,044 shares of the company’s stock valued at $531,000 after buying an additional 1,438 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Ctrip by 5.0% in the 4th quarter. Teacher Retirement System of Texas now owns 37,587 shares of the company’s stock valued at $1,658,000 after buying an additional 1,775 shares during the period. Duff & Phelps Investment Management Co. lifted its holdings in shares of Ctrip by 0.9% in the 1st quarter. Duff & Phelps Investment Management Co. now owns 218,913 shares of the company’s stock valued at $10,190,000 after buying an additional 1,943 shares during the period. Finally, Fernwood Investment Management LLC lifted its holdings in shares of Ctrip by 8.8% in the 4th quarter. Fernwood Investment Management LLC now owns 25,595 shares of the company’s stock valued at $1,129,000 after buying an additional 2,070 shares during the period. 69.05% of the stock is owned by institutional investors and hedge funds.
Shares of Ctrip stock opened at $43.09 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.34. Ctrip has a twelve month low of $40.13 and a twelve month high of $60.65. The stock has a market capitalization of $23.30 billion, a P/E ratio of 75.60, a price-to-earnings-growth ratio of 5.07 and a beta of 1.83.
Ctrip (NASDAQ:CTRP) last announced its quarterly earnings results on Wednesday, March 14th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Ctrip had a net margin of 8.00% and a return on equity of 2.64%. The business had revenue of $987.54 million during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. Ctrip’s revenue for the quarter was up 35.3% on a year-over-year basis. analysts forecast that Ctrip will post 0.5 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on CTRP. BidaskClub cut Ctrip from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research cut Ctrip from a “hold” rating to a “sell” rating in a report on Tuesday, May 15th. TheStreet cut Ctrip from a “b-” rating to a “c+” rating in a report on Friday, April 20th. Barclays reissued a “buy” rating and issued a $52.00 price objective on shares of Ctrip in a report on Thursday, April 19th. Finally, JPMorgan Chase decreased their price objective on Ctrip from $45.00 to $43.00 and set a “neutral” rating for the company in a report on Monday, March 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.25.
Ctrip.com International, Ltd., together with its subsidiaries, provides travel service for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in the People's Republic of China. The company operates as an agent for hotel-related transactions; sells air tickets; and 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 and flight dynamics.
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