Ctrip.com International, Ltd. (CTRP) Shares Bought by Todd Asset Management LLC
Todd Asset Management LLC boosted its position in shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) by 46.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 338,224 shares of the company’s stock after buying an additional 106,562 shares during the period. Todd Asset Management LLC owned 0.07% of Ctrip.com International worth $18,216,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CTRP. US Bancorp DE raised its stake in Ctrip.com International by 19.8% in the second quarter. US Bancorp DE now owns 37,531 shares of the company’s stock valued at $2,021,000 after buying an additional 6,208 shares in the last quarter. Hillman Co. raised its stake in Ctrip.com International by 12.6% in the second quarter. Hillman Co. now owns 677,052 shares of the company’s stock valued at $36,466,000 after buying an additional 75,833 shares in the last quarter. Capital One National Association raised its stake in 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 in the last quarter. Renaissance Technologies LLC bought a new stake in Ctrip.com International during the first quarter valued at about $669,000. Finally, Kayak Investment Partners LLC raised its stake in Ctrip.com International by 25.1% in the first quarter. Kayak Investment Partners LLC now owns 291,449 shares of the company’s stock valued at $14,325,000 after buying an additional 58,464 shares in the last quarter. Institutional investors and hedge funds own 67.62% of the company’s stock.
Ctrip.com International, Ltd. (NASDAQ:CTRP) opened at 50.63 on Friday. The company’s 50-day moving average is $55.29 and its 200 day moving average is $52.52. Ctrip.com International, Ltd. has a one year low of $39.71 and a one year high of $60.65. The company has a market capitalization of $26.30 billion, a P/E ratio of 723.29 and a beta of 1.70. Ctrip.com International also was the recipient of unusually large options trading activity on Wednesday. Traders bought 8,475 put options on the company. This is an increase of approximately 351% compared to the typical volume of 1,880 put options.
Ctrip.com International (NASDAQ:CTRP) last posted its earnings results on Wednesday, August 30th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.11. The company had revenue of $946.38 million during the quarter, compared to the consensus estimate of $929.55 million. Ctrip.com International had a return on equity of 1.44% and a net margin of 4.56%. The firm’s revenue was up 42.5% compared to the same quarter last year. During the same period last year, the company posted $0.02 EPS. Analysts predict that Ctrip.com International, Ltd. will post $0.97 EPS for the current year.
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Several research firms have issued reports on CTRP. Zacks Investment Research lowered shares of Ctrip.com International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Cowen and Company restated a “buy” rating and issued a $60.00 price target on shares of Ctrip.com International in a research report on Wednesday, July 19th. ValuEngine upgraded shares of Ctrip.com International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Stifel Nicolaus raised their price target on shares of Ctrip.com International from $58.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, May 11th. Finally, Instinet restated a “buy” rating and issued a $64.00 price target on shares of Ctrip.com International in a research report on Monday, May 15th. Six research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Ctrip.com International currently has an average rating of “Buy” and a consensus price target of $57.27.
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.
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