Handelsinvest Investeringsforvaltning purchased a new position in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $586,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grandeur Peak Global Advisors LLC lifted its position in shares of Ctrip.Com International by 0.6% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 368,441 shares of the company’s stock worth $13,599,000 after purchasing an additional 2,250 shares during the last quarter. KBC Group NV raised its holdings in shares of Ctrip.Com International by 29.0% in the 2nd quarter. KBC Group NV now owns 141,538 shares of the company’s stock worth $5,224,000 after buying an additional 31,842 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Ctrip.Com International by 78.8% in the 2nd quarter. Bank of Montreal Can now owns 1,107,919 shares of the company’s stock worth $40,893,000 after buying an additional 488,105 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Ctrip.Com International in the 2nd quarter worth approximately $142,052,000. Finally, Natixis acquired a new position in shares of Ctrip.Com International in the 2nd quarter worth approximately $254,000. Institutional investors own 61.22% of the company’s stock.
A number of brokerages have recently issued reports on CTRP. Morgan Stanley cut Ctrip.Com International from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $43.00 to $35.00 in a report on Tuesday, September 10th. BidaskClub raised Ctrip.Com International from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Cowen set a $40.00 target price on Ctrip.Com International and gave the stock a “buy” rating in a report on Friday, September 13th. Jefferies Financial Group began coverage on Ctrip.Com International in a report on Monday, August 5th. They issued a “buy” rating and a $47.50 target price for the company. Finally, Benchmark dropped their target price on Ctrip.Com International from $48.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $41.68.
Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings data on Monday, September 9th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. Ctrip.Com International had a return on equity of 3.91% and a net margin of 5.79%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. As a group, analysts expect that Ctrip.Com International Ltd will post 0.7 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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