Level Four Advisory Services LLC Acquires Shares of 11,126 Ctrip.com International, Ltd. (CTRP)

Level Four Advisory Services LLC purchased a new stake in shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) during the first quarter, Holdings Channel reports. The fund purchased 11,126 shares of the company’s stock, valued at approximately $546,000.

A number of other institutional investors have also made changes to their positions in CTRP. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Ctrip.com International during the fourth quarter valued at $220,000. Capital One National Association boosted its position in shares of Ctrip.com International by 25.2% in the first quarter. Capital One National Association now owns 8,161 shares of the company’s stock valued at $401,000 after buying an additional 1,645 shares during the last quarter. DnB Asset Management AS boosted its position in shares of Ctrip.com International by 45.0% in the first quarter. DnB Asset Management AS now owns 371,038 shares of the company’s stock valued at $18,237,000 after buying an additional 115,200 shares during the last quarter. Honeycomb Asset Management LP acquired a new position in shares of Ctrip.com International during the fourth quarter valued at $4,000,000. Finally, Hillman Co. boosted its position in shares of Ctrip.com International by 18.7% in the first quarter. Hillman Co. now owns 601,219 shares of the company’s stock valued at $29,550,000 after buying an additional 94,526 shares during the last quarter. 65.74% of the stock is currently owned by institutional investors and hedge funds.

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

Ctrip.com International, Ltd. (CTRP) traded up 0.57% during mid-day trading on Friday, hitting $52.94. 4,696,371 shares of the stock were exchanged. The stock has a market capitalization of $27.50 billion, a PE ratio of 778.53 and a beta of 1.57. Ctrip.com International, Ltd. has a 52 week low of $37.36 and a 52 week high of $58.58. The company has a 50-day moving average of $54.67 and a 200-day moving average of $47.78.

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CTRP has been the topic of several recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $58.00 price target (up previously from $56.00) on shares of Ctrip.com International in a research report on Thursday, February 23rd. Zacks Investment Research raised shares of Ctrip.com International from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Friday, February 17th. Instinet reiterated a “buy” rating and issued a $61.00 price objective on shares of Ctrip.com International in a research note on Friday, February 24th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $60.00 price objective (up previously from $55.00) on shares of Ctrip.com International in a research note on Friday, February 24th. Finally, Morgan Stanley increased their price objective on shares of Ctrip.com International from $52.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, February 23rd. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.23.

About Ctrip.com International

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.

Want to see what other hedge funds are holding CTRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ctrip.com International, Ltd. (NASDAQ:CTRP).

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2228705/level-four-advisory-services-llc-acquires-shares-of-11126-ctrip-com-international-ltd-ctrp.html

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