Los Angeles Capital Management & Equity Research Inc. raised its holdings in Ctrip.Com International Ltd (NASDAQ:CTRP) by 671.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,938 shares of the company’s stock after buying an additional 217,538 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Ctrip.Com International were worth $10,920,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in Ctrip.Com International by 37.9% in the 4th quarter. BlackRock Inc. now owns 24,957,149 shares of the company’s stock valued at $675,341,000 after purchasing an additional 6,861,461 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Ctrip.Com International by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 13,410,537 shares of the company’s stock worth $498,469,000 after acquiring an additional 255,314 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Ctrip.Com International by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 13,410,537 shares of the company’s stock worth $498,469,000 after acquiring an additional 255,314 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Ctrip.Com International by 6.0% during the 4th quarter. Fisher Asset Management LLC now owns 10,229,173 shares of the company’s stock worth $276,801,000 after acquiring an additional 574,975 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its stake in shares of Ctrip.Com International by 17.1% during the 4th quarter. Commonwealth Bank of Australia now owns 5,451,109 shares of the company’s stock worth $147,499,000 after acquiring an additional 796,671 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.
Several brokerages have recently commented on CTRP. Morgan Stanley raised Ctrip.Com International from an “equal” rating to an “overweight” rating and boosted their price target for the stock from $32.00 to $43.00 in a research note on Tuesday, March 5th. Mizuho raised Ctrip.Com International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $55.00 in a research note on Monday, May 6th. Barclays decreased their price target on Ctrip.Com International from $48.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday. BidaskClub lowered Ctrip.Com International from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Sanford C. Bernstein raised Ctrip.Com International from a “market perform” rating to an “outperform” rating and set a $41.50 price target on the stock in a research note on Tuesday, March 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $43.15.
CTRP traded down $0.23 during trading on Wednesday, hitting $37.66. The company’s stock had a trading volume of 6,361,990 shares, compared to its average volume of 4,878,137. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $19.85 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 1.60 and a beta of 1.52. Ctrip.Com International Ltd has a twelve month low of $25.00 and a twelve month high of $51.91.
Ctrip.Com International (NASDAQ:CTRP) last issued its quarterly earnings results on Monday, March 4th. The company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.19. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. Ctrip.Com International had a return on equity of 4.28% and a net margin of 4.05%. As a group, equities research analysts forecast that Ctrip.Com International Ltd will post 1 earnings per share for the current fiscal year.
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Ctrip.Com International Profile
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, express security check, and real-time flight status.
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