Davis Selected Advisers Raises Stake in Ctrip.com International, Ltd. (CTRP)
Davis Selected Advisers boosted its position in Ctrip.com International, Ltd. (NASDAQ:CTRP) by 36.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,401 shares of the company’s stock after buying an additional 20,650 shares during the period. Davis Selected Advisers’ holdings in Ctrip.com International were worth $3,096,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in CTRP. Nippon Life Insurance Co. increased its position in Ctrip.com International by 3.4% in the third quarter. Nippon Life Insurance Co. now owns 2,273 shares of the company’s stock worth $106,000 after buying an additional 74 shares in the last quarter. Huntington National Bank increased its position in Ctrip.com International by 6.3% in the third quarter. Huntington National Bank now owns 2,632 shares of the company’s stock worth $123,000 after buying an additional 156 shares in the last quarter. Sawtooth Asset Management Inc. increased its position in Ctrip.com International by 17.7% in the second quarter. Sawtooth Asset Management Inc. now owns 7,226 shares of the company’s stock worth $298,000 after buying an additional 1,088 shares in the last quarter. FNY Partners Fund LP purchased a new position in Ctrip.com International during the fourth quarter worth approximately $300,000. Finally, Capital One National Association purchased a new position in Ctrip.com International during the third quarter worth approximately $303,000. Hedge funds and other institutional investors own 72.13% of the company’s stock.
Shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) traded up 0.11% during midday trading on Thursday, hitting $45.51. 3,345,643 shares of the stock traded hands. Ctrip.com International, Ltd. has a 12-month low of $36.62 and a 12-month high of $49.62. The company’s market capitalization is $21.52 billion. The firm’s 50 day moving average price is $43.10 and its 200 day moving average price is $44.20.
Ctrip.com International (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, November 23rd. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. Ctrip.com International had a negative return on equity of 3.17% and a negative net margin of 11.48%. The business had revenue of $836 million for the quarter. During the same quarter last year, the firm earned $1.10 EPS. The company’s revenue for the quarter was up 61.0% on a year-over-year basis. Analysts expect that Ctrip.com International, Ltd. will post ($0.61) EPS for the current year.
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A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Ctrip.com International from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Tuesday, November 29th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $55.00 price objective on shares of Ctrip.com International in a report on Wednesday, November 30th. Brean Capital restated a “buy” rating on shares of Ctrip.com International in a report on Tuesday, December 13th. Credit Suisse Group restated a “buy” rating on shares of Ctrip.com International in a report on Tuesday, November 29th. Finally, HSBC Holdings plc upgraded Ctrip.com International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $46.00 to $53.00 in a report on Friday, November 25th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $53.68.
Ctrip.com International Company 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.
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