Harvest Fund Management Co. Ltd Sells 22,364 Shares of Ctrip.com International, Ltd. (CTRP)

Harvest Fund Management Co. Ltd cut its stake in shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 578,509 shares of the company’s stock after selling 22,364 shares during the period. Ctrip.com International accounts for about 4.5% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 8th biggest position. Harvest Fund Management Co. Ltd owned about 0.11% of Ctrip.com International worth $31,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. US Bancorp DE raised its position in Ctrip.com International by 19.8% during the second quarter. US Bancorp DE now owns 37,531 shares of the company’s stock valued at $2,021,000 after purchasing an additional 6,208 shares during the period. Hillman Co. raised its position in Ctrip.com International by 12.6% during the second quarter. Hillman Co. now owns 677,052 shares of the company’s stock valued at $36,466,000 after purchasing an additional 75,833 shares during the period. Renaissance Technologies LLC purchased a new stake in Ctrip.com International during the first quarter valued at approximately $669,000. Legal & General Group Plc raised its position in Ctrip.com International by 2.8% during the second quarter. Legal & General Group Plc now owns 743,142 shares of the company’s stock valued at $40,025,000 after purchasing an additional 20,299 shares during the period. Finally, Kayak Investment Partners LLC raised its position in Ctrip.com International by 25.1% during the first quarter. Kayak Investment Partners LLC now owns 291,449 shares of the company’s stock valued at $14,325,000 after purchasing an additional 58,464 shares during the period. Institutional investors and hedge funds own 67.62% of the company’s stock.

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Shares of Ctrip.com International, Ltd. (CTRP) traded down 1.08% during midday trading on Friday, hitting $52.40. The stock had a trading volume of 7,014,990 shares. The firm’s 50 day moving average price is $53.64 and its 200 day moving average price is $52.84. The firm has a market cap of $27.56 billion, a price-to-earnings ratio of 166.88 and a beta of 1.69. Ctrip.com International, Ltd. has a 52-week low of $39.71 and a 52-week high of $60.65.

Ctrip.com International (NASDAQ:CTRP) last released its quarterly earnings results on Wednesday, August 30th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.11). The firm had revenue of $946.38 million for the quarter, compared to analysts’ expectations of $929.55 million. Ctrip.com International had a net margin of 4.56% and a return on equity of 1.41%. The firm’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 EPS. On average, equities research analysts expect that Ctrip.com International, Ltd. will post $0.87 earnings per share for the current year.

A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded Ctrip.com International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Cowen and Company restated a “buy” rating and set a $60.00 price objective on shares of Ctrip.com International in a research report on Wednesday, July 19th. ValuEngine upgraded Ctrip.com International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub downgraded Ctrip.com International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $62.00 price objective on shares of Ctrip.com International in a research report on Thursday, August 31st. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $57.91.

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

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