Eqis Capital Management Inc. Acquires 4,972 Shares of Ctrip.Com International Ltd (CTRP)
Eqis Capital Management Inc. lifted its holdings in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) by 80.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,168 shares of the company’s stock after acquiring an additional 4,972 shares during the quarter. Eqis Capital Management Inc.’s holdings in Ctrip.Com International were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of CTRP. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Ctrip.Com International by 1,257.0% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,691 shares of the company’s stock valued at $172,000 after acquiring an additional 3,419 shares in the last quarter. Baldwin Investment Management LLC acquired a new position in Ctrip.Com International in the 1st quarter worth $208,000. Point72 Asia Hong Kong Ltd lifted its holdings in Ctrip.Com International by 3,674.8% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 4,492 shares of the company’s stock worth $209,000 after buying an additional 4,373 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in Ctrip.Com International in the 4th quarter worth $212,000. Finally, IHT Wealth Management LLC lifted its holdings in Ctrip.Com International by 46.3% in the 1st quarter. IHT Wealth Management LLC now owns 4,633 shares of the company’s stock worth $212,000 after buying an additional 1,467 shares in the last quarter. Institutional investors and hedge funds own 67.28% of the company’s stock.
CTRP has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Ctrip.Com International from a “sell” rating to a “hold” rating in a report on Thursday, May 10th. Oppenheimer boosted their price objective on shares of Ctrip.Com International from $51.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, May 23rd. Barclays reiterated a “buy” rating and issued a $52.00 price objective on shares of Ctrip.Com International in a report on Thursday, April 19th. Finally, Zacks Investment Research lowered shares of Ctrip.Com International from a “strong-buy” rating to a “hold” rating in a report on Monday, July 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $51.62.
Ctrip.Com International (NASDAQ:CTRP) last released its earnings results on Tuesday, May 22nd. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.44. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. Ctrip.Com International had a net margin of 11.40% and a return on equity of 4.55%. sell-side analysts forecast that Ctrip.Com International Ltd will post 0.88 EPS for the current fiscal year.
About Ctrip.Com International
Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection and real-time flight status.
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