Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Ctrip.com International Ltd. (NASDAQ:CTRP) by 89.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 961,530 shares of the company’s stock after buying an additional 454,091 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.21% of Ctrip.com International worth $39,615,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Huntington National Bank bought a new position in shares of Ctrip.com International during the second quarter valued at approximately $102,000. Seven Bridges Advisors LLC increased its position in shares of Ctrip.com International by 66.2% in the second quarter. Seven Bridges Advisors LLC now owns 4,134 shares of the company’s stock valued at $170,000 after buying an additional 1,646 shares during the last quarter. Parametrica Management Ltd bought a new position in shares of Ctrip.com International during the second quarter valued at approximately $208,000. Telemus Capital LLC increased its position in shares of Ctrip.com International by 21.7% in the second quarter. Telemus Capital LLC now owns 6,618 shares of the company’s stock valued at $273,000 after buying an additional 1,182 shares during the last quarter. Finally, Wealthsource Partners LLC bought a new position in shares of Ctrip.com International during the first quarter valued at approximately $306,000. 62.10% of the stock is owned by institutional investors and hedge funds.

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

Ctrip.com International Ltd. (NASDAQ:CTRP) traded up 0.38% on Wednesday, hitting $47.24. 2,168,973 shares of the company were exchanged. The stock has a market capitalization of $22.03 billion, a P/E ratio of 312.85 and a beta of 1.47. The company has a 50 day moving average price of $46.02 and a 200-day moving average price of $44.32. Ctrip.com International Ltd. has a 52 week low of $35.50 and a 52 week high of $57.36.

Ctrip.com International (NASDAQ:CTRP) last posted its earnings results on Wednesday, August 31st. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.22. The firm earned $664 million during the quarter, compared to the consensus estimate of $657.24 million. Ctrip.com International had a return on equity of 0.91% and a net margin of 2.90%. The company’s quarterly revenue was up 62.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. On average, equities analysts expect that Ctrip.com International Ltd. will post ($0.73) earnings per share for the current fiscal year.

Several equities analysts have issued reports on the stock. Brean Capital restated a “buy” rating and issued a $52.00 price target on shares of Ctrip.com International in a research report on Sunday, September 4th. Bank of America Corp. restated a “buy” rating and issued a $52.00 price target on shares of Ctrip.com International in a research report on Tuesday, June 21st. Vetr upgraded shares of Ctrip.com International from a “hold” rating to a “buy” rating and set a $52.50 price target for the company in a research report on Wednesday, August 31st. Goldman Sachs Group Inc. assumed coverage on shares of Ctrip.com International in a research report on Monday, July 25th. They issued a “buy” rating and a $52.00 price target for the company. Finally, Nomura restated a “buy” rating and issued a $57.00 price target (up from $49.00) on shares of Ctrip.com International in a research report on Wednesday, September 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Ctrip.com International currently has a consensus rating of “Buy” and an average price target of $55.68.

Ctrip.com International Company 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.

5 Day Chart for NASDAQ:CTRP

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