Profund Advisors LLC reduced its stake in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) by 5.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 81,414 shares of the company’s stock after selling 4,457 shares during the quarter. Profund Advisors LLC’s holdings in Ctrip.Com International were worth $3,005,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of CTRP. Dimensional Fund Advisors LP raised its position in shares of Ctrip.Com International by 11.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,500,062 shares of the company’s stock worth $40,656,000 after purchasing an additional 150,306 shares during the last quarter. First Republic Investment Management Inc. purchased a new stake in Ctrip.Com International in the 1st quarter worth approximately $314,000. Cornerstone Advisors Inc. grew its stake in Ctrip.Com International by 255.7% in the 1st quarter. Cornerstone Advisors Inc. now owns 818 shares of the company’s stock worth $36,000 after acquiring an additional 588 shares during the period. Nissay Asset Management Corp Japan ADV purchased a new stake in Ctrip.Com International in the 1st quarter worth approximately $234,000. Finally, CIBC Asset Management Inc grew its stake in Ctrip.Com International by 3.0% in the 1st quarter. CIBC Asset Management Inc now owns 34,911 shares of the company’s stock worth $1,525,000 after acquiring an additional 1,003 shares during the period. Hedge funds and other institutional investors own 62.56% of the company’s stock.
Several analysts have commented on CTRP shares. Oppenheimer lowered their target price on shares of Ctrip.Com International from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday. Morgan Stanley cut shares of Ctrip.Com International from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $43.00 to $35.00 in a research note on Tuesday. Barclays lowered their target price on shares of Ctrip.Com International from $45.00 to $41.00 and set an “overweight” rating for the company in a research note on Wednesday. Jefferies Financial Group started coverage on shares of Ctrip.Com International in a research note on Monday, August 5th. They issued a “buy” rating and a $47.50 target price for the company. Finally, BidaskClub raised shares of Ctrip.Com International from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $41.68.
Shares of NASDAQ CTRP traded up $1.17 during trading on Friday, hitting $36.00. 222,549 shares of the company traded hands, compared to its average volume of 4,151,854. Ctrip.Com International Ltd has a 1 year low of $25.00 and a 1 year high of $46.50. The company has a 50-day moving average price of $34.62 and a 200-day moving average price of $38.06. The firm has a market capitalization of $19.28 billion, a P/E ratio of 38.28, a P/E/G ratio of 2.57 and a beta of 1.64. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.27.
Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings data on Monday, September 9th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.04. Ctrip.Com International had a net margin of 5.79% and a return on equity of 3.94%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company earned $0.29 EPS. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. Research analysts predict that Ctrip.Com International Ltd will post 0.89 EPS for the current fiscal year.
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, express security check, and real-time flight status.
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