Ctrip.com International, Ltd. (CTRP) Shares Bought by QS Investors LLC
QS Investors LLC raised its stake in shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) by 13.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,700 shares of the company’s stock after acquiring an additional 2,200 shares during the quarter. QS Investors LLC’s holdings in Ctrip.com International were worth $1,007,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE boosted its stake in Ctrip.com International by 19.8% during the 2nd quarter. US Bancorp DE now owns 37,531 shares of the company’s stock valued at $2,021,000 after acquiring an additional 6,208 shares during the last quarter. Hillman Co. boosted its stake in Ctrip.com International by 12.6% during the 2nd quarter. Hillman Co. now owns 677,052 shares of the company’s stock valued at $36,466,000 after acquiring an additional 75,833 shares during the last quarter. Renaissance Technologies LLC bought a new position in Ctrip.com International during the 1st quarter valued at $669,000. Legal & General Group Plc boosted its stake in Ctrip.com International by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 743,142 shares of the company’s stock valued at $40,025,000 after acquiring an additional 20,299 shares during the last quarter. Finally, Kayak Investment Partners LLC boosted its stake in Ctrip.com International by 25.1% during the 1st quarter. Kayak Investment Partners LLC now owns 291,449 shares of the company’s stock valued at $14,325,000 after acquiring an additional 58,464 shares during the last quarter. Hedge funds and other institutional investors own 67.60% of the company’s stock.
Ctrip.com International, Ltd. (NASDAQ CTRP) opened at 54.74 on Friday. Ctrip.com International, Ltd. has a 1-year low of $39.71 and a 1-year high of $60.65. The firm has a market cap of $28.79 billion, a PE ratio of 172.14 and a beta of 1.69. The firm’s 50-day moving average is $52.94 and its 200 day moving average is $53.59.
Ctrip.com International (NASDAQ:CTRP) last released its quarterly earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $946.38 million during the quarter, compared to the consensus estimate of $929.55 million. During the same period in the prior year, the firm earned $0.02 earnings per share. The business’s quarterly revenue was up 42.5% compared to the same quarter last year. On average, equities analysts forecast that Ctrip.com International, Ltd. will post $0.86 earnings per share for the current fiscal year.
A number of research analysts have commented on CTRP shares. Bank of America Corporation reiterated a “buy” rating and set a $58.00 price objective on shares of Ctrip.com International in a research note on Sunday, September 3rd. Cowen and Company reiterated a “buy” rating and set a $60.00 price objective on shares of Ctrip.com International in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Ctrip.com International from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective on the stock in a research note on Tuesday, July 11th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $62.00 price objective (down from $65.00) on shares of Ctrip.com International in a research note on Friday, August 25th. Finally, KeyCorp reiterated a “hold” rating on shares of Ctrip.com International in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the stock. Ctrip.com International currently has a consensus rating of “Buy” and a consensus target price of $58.25.
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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.
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