Great West Life Assurance Co. Can lowered its stake in Ctrip.Com International Ltd (NASDAQ:CTRP) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 238,536 shares of the company’s stock after selling 16,975 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Ctrip.Com International were worth $8,868,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of CTRP. Sumitomo Life Insurance Co. bought a new position in Ctrip.Com International in the 3rd quarter worth about $123,000. PNC Financial Services Group Inc. boosted its stake in Ctrip.Com International by 174.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,750 shares of the company’s stock worth $179,000 after purchasing an additional 2,383 shares during the period. Advisors Asset Management Inc. boosted its stake in Ctrip.Com International by 339.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 12,800 shares of the company’s stock worth $181,000 after purchasing an additional 9,888 shares during the period. 180 Wealth Advisors LLC bought a new position in Ctrip.Com International in the 2nd quarter worth about $201,000. Finally, Zions Bancorporation bought a new position in Ctrip.Com International in the 2nd quarter worth about $232,000. Institutional investors and hedge funds own 64.85% of the company’s stock.
Several research analysts have commented on CTRP shares. Benchmark cut their target price on Ctrip.Com International from $52.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 8th. BidaskClub upgraded Ctrip.Com International from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. Oppenheimer restated a “buy” rating on shares of Ctrip.Com International in a research note on Tuesday, November 13th. TheStreet downgraded Ctrip.Com International from a “b-” rating to a “c+” rating in a research note on Friday, August 17th. Finally, Citigroup downgraded Ctrip.Com International from a “buy” rating to a “neutral” rating and cut their target price for the stock from $41.00 to $35.00 in a research note on Thursday, November 8th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $42.25.
NASDAQ:CTRP opened at $28.57 on Friday. Ctrip.Com International Ltd has a twelve month low of $25.00 and a twelve month high of $51.91. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 2.45 and a beta of 1.86. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.22 and a current ratio of 1.22.
Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.06. Ctrip.Com International had a return on equity of 4.78% and a net margin of 9.73%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the firm posted $0.41 EPS. As a group, research analysts expect that Ctrip.Com International Ltd will post 0.74 earnings per share for the current fiscal year.
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Ctrip.Com International Company 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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