Ameriprise Financial Inc. decreased its position in shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) by 7.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,577,214 shares of the company’s stock after selling 123,271 shares during the period. Ameriprise Financial Inc. owned 0.30% of Ctrip.com International worth $84,946,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CTRP. Baillie Gifford & Co. grew its holdings in Ctrip.com International by 4.1% during the 1st quarter. Baillie Gifford & Co. now owns 51,643,569 shares of the company’s stock valued at $2,538,282,000 after buying an additional 2,041,906 shares in the last quarter. WCM Investment Management CA grew its holdings in Ctrip.com International by 6.1% during the 2nd quarter. WCM Investment Management CA now owns 10,864,759 shares of the company’s stock valued at $585,176,000 after buying an additional 622,199 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Ctrip.com International by 3.1% during the 2nd quarter. Fisher Asset Management LLC now owns 10,122,535 shares of the company’s stock valued at $545,200,000 after buying an additional 302,795 shares in the last quarter. FMR LLC grew its holdings in Ctrip.com International by 8.3% during the 1st quarter. FMR LLC now owns 10,095,100 shares of the company’s stock valued at $496,175,000 after buying an additional 772,591 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in Ctrip.com International by 6.5% during the 2nd quarter. Schroder Investment Management Group now owns 4,936,663 shares of the company’s stock valued at $265,839,000 after buying an additional 300,624 shares in the last quarter. Institutional investors own 67.60% of the company’s stock.

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CTRP has been the subject of a number of research analyst reports. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $62.00 price objective on shares of Ctrip.com International in a report on Thursday, August 31st. Benchmark Co. cut their price objective on shares of Ctrip.com International from $61.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, August 31st. Cowen and Company reaffirmed a “buy” rating and set a $53.00 price objective (down from $60.00) on shares of Ctrip.com International in a report on Monday, August 28th. BidaskClub lowered shares of Ctrip.com International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $58.00 price objective on shares of Ctrip.com International in a report on Sunday, September 3rd. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $57.91.

Ctrip.com International, Ltd. (NASDAQ CTRP) opened at 52.40 on Monday. Ctrip.com International, Ltd. has a 1-year low of $39.71 and a 1-year high of $60.65. The firm’s 50-day moving average is $53.64 and its 200 day moving average is $52.84. The stock has a market capitalization of $27.56 billion, a price-to-earnings ratio of 166.88 and a beta of 1.69.

Ctrip.com International (NASDAQ:CTRP) last released its quarterly earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.11). The business had revenue of $946.38 million for the quarter, compared to analysts’ expectations of $929.55 million. Ctrip.com International had a return on equity of 1.41% and a net margin of 4.56%. The business’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.02 earnings per share. Equities analysts anticipate that Ctrip.com International, Ltd. will post $0.87 EPS for the current fiscal year.

Ctrip.com International 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.

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

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