Thornburg Investment Management Inc. Sells 305,606 Shares of Ctrip.Com International Ltd (CTRP)

Thornburg Investment Management Inc. decreased its position in Ctrip.Com International Ltd (NASDAQ:CTRP) by 14.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,761,831 shares of the company’s stock after selling 305,606 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Ctrip.Com International were worth $65,487,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sumitomo Life Insurance Co. bought a new position in Ctrip.Com International in the third quarter valued at about $123,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Ctrip.Com International by 1,257.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,691 shares of the company’s stock worth $172,000 after buying an additional 3,419 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Ctrip.Com International by 174.3% in the second quarter. PNC Financial Services Group Inc. now owns 3,750 shares of the company’s stock worth $179,000 after buying an additional 2,383 shares during the period. 180 Wealth Advisors LLC bought a new position in shares of Ctrip.Com International in the second quarter worth about $201,000. Finally, Canandaigua National Bank & Trust Co. bought a new position in shares of Ctrip.Com International in the second quarter worth about $225,000. 66.85% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Ctrip.Com International from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 9th. BidaskClub raised Ctrip.Com International from a “strong sell” rating to a “sell” rating in a research note on Friday. ValuEngine raised Ctrip.Com International from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Wells Fargo & Co reaffirmed a “hold” rating on shares of Ctrip.Com International in a research note on Wednesday, October 17th. Finally, Oppenheimer set a $47.00 price objective on Ctrip.Com International and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $48.00.

NASDAQ CTRP opened at $34.70 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.35 and a current ratio of 1.35. Ctrip.Com International Ltd has a 52 week low of $29.66 and a 52 week high of $51.91. The stock has a market capitalization of $18.91 billion, a PE ratio of 58.81, a P/E/G ratio of 4.57 and a beta of 1.83.

Ctrip.Com International (NASDAQ:CTRP) last issued its earnings results on Wednesday, September 5th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.13. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.15 billion. Ctrip.Com International had a return on equity of 4.74% and a net margin of 18.11%. On average, equities analysts predict that Ctrip.Com International Ltd will post 0.51 EPS for the current fiscal year.

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Ctrip.Com International 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 and real-time flight status.

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

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