Boston Common Asset Management LLC reduced its stake in Ctrip.com International, Ltd. (NASDAQ:CTRP) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,550 shares of the company’s stock after selling 1,235 shares during the quarter. Boston Common Asset Management LLC’s holdings in Ctrip.com International were worth $1,268,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CTRP. Baillie Gifford & Co. increased its stake in shares of Ctrip.com International by 4.1% in the 1st quarter. Baillie Gifford & Co. now owns 51,643,569 shares of the company’s stock worth $2,538,282,000 after acquiring an additional 2,041,906 shares during the last quarter. WCM Investment Management CA raised its holdings in shares of 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 worth $585,176,000 after acquiring an additional 622,199 shares during the period. Fisher Asset Management LLC raised its holdings in shares of 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 worth $545,200,000 after acquiring an additional 302,795 shares during the period. FIL Ltd raised its holdings in shares of Ctrip.com International by 15.4% during the 2nd quarter. FIL Ltd now owns 5,656,107 shares of the company’s stock worth $304,638,000 after acquiring an additional 756,294 shares during the period. Finally, Schroder Investment Management Group raised its holdings in shares of 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 worth $265,839,000 after acquiring an additional 300,624 shares during the period. Institutional investors own 67.60% of the company’s stock.

A number of brokerages recently issued reports on CTRP. Bank of America Corporation reissued a “buy” rating and issued a $58.00 price objective on shares of Ctrip.com International in a report on Sunday, September 3rd. Cowen and Company reaffirmed a “buy” rating and set a $60.00 target price on shares of Ctrip.com International in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of Ctrip.com International from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a research note on Tuesday, July 11th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $62.00 target price (down from $65.00) on shares of Ctrip.com International in a report on Friday, August 25th. Finally, KeyCorp reiterated a “hold” rating on shares of Ctrip.com International in a report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Ctrip.com International presently has an average rating of “Buy” and a consensus target price of $57.91.

Shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) traded up 1.82% during mid-day trading on Monday, reaching $53.70. The company’s stock had a trading volume of 614,993 shares. Ctrip.com International, Ltd. has a 1-year low of $39.71 and a 1-year high of $60.65.

Ctrip.com International (NASDAQ:CTRP) last released its earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.11). Ctrip.com International had a net margin of 4.56% and a return on equity of 1.41%. The company had revenue of $946.38 million during the quarter, compared to analysts’ expectations of $929.55 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. Ctrip.com International’s revenue for the quarter was up 42.5% compared to the same quarter last year. On average, equities analysts anticipate that Ctrip.com International, Ltd. will post $0.85 earnings per share for the current fiscal year.

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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.

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

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