Dai Ichi Life Insurance Company Ltd lifted its stake in Ctrip.com International, Ltd. (NASDAQ:CTRP) by 15.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,795 shares of the company’s stock after buying an additional 13,075 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Ctrip.com International were worth $5,160,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CTRP. William Blair Investment Management LLC lifted its holdings in shares of Ctrip.com International by 297.9% in the first quarter. William Blair Investment Management LLC now owns 4,083,783 shares of the company’s stock worth $200,718,000 after buying an additional 3,057,546 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Ctrip.com International by 4.1% in the first quarter. Baillie Gifford & Co. now owns 51,643,569 shares of the company’s stock worth $2,538,282,000 after buying an additional 2,041,906 shares in the last quarter. Commonwealth Bank of Australia purchased a new stake in Ctrip.com International during the second quarter valued at $101,967,000. Schroder Investment Management Group raised its stake in Ctrip.com International by 43.8% during the first quarter. Schroder Investment Management Group now owns 4,636,039 shares of the company’s stock valued at $230,365,000 after purchasing an additional 1,411,587 shares in the last quarter. Finally, Axiom International Investors LLC DE raised its stake in Ctrip.com International by 173.7% during the first quarter. Axiom International Investors LLC DE now owns 1,537,617 shares of the company’s stock valued at $75,574,000 after purchasing an additional 975,842 shares in the last quarter. 67.62% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on CTRP. Instinet reaffirmed a “buy” rating and set a $61.00 price target on shares of Ctrip.com International in a research note on Tuesday, September 5th. Bank of America Corporation reaffirmed a “buy” rating and set a $58.00 price target on shares of Ctrip.com International in a research note on Sunday, September 3rd. Cowen and Company reaffirmed a “buy” rating and set a $57.00 price target on shares of Ctrip.com International in a research note on Sunday, September 3rd. KeyCorp reaffirmed a “hold” rating on shares of Ctrip.com International in a research note on Friday, September 1st. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $62.00 price target on shares of Ctrip.com International in a research note on Thursday, August 31st. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $57.91.

Shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) opened at 52.46 on Tuesday. The stock has a 50 day moving average of $54.37 and a 200 day moving average of $52.79. Ctrip.com International, Ltd. has a 52 week low of $39.71 and a 52 week high of $60.65. The stock has a market cap of $27.25 billion, a P/E ratio of 749.43 and a beta of 1.69.

Ctrip.com International (NASDAQ:CTRP) last posted its quarterly earnings results on Wednesday, August 30th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.20 by $0.11. Ctrip.com International had a return on equity of 1.41% and a net margin of 4.56%. The company had revenue of $946.38 million for the quarter, compared to analysts’ expectations of $929.55 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The firm’s revenue was up 42.5% on a year-over-year basis. On average, analysts expect that Ctrip.com International, Ltd. will post $0.88 earnings per share for the current year.

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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.

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

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