Seven Bridges Advisors LLC Increases Stake in Ctrip.com International Ltd. (CTRP)
Seven Bridges Advisors LLC raised its stake in Ctrip.com International Ltd. (NASDAQ:CTRP) by 66.2% during the second quarter, Holdings Channel reports. The fund owned 4,134 shares of the company’s stock after buying an additional 1,646 shares during the period. Seven Bridges Advisors LLC’s holdings in Ctrip.com International were worth $170,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in CTRP. Parametrica Management Ltd purchased a new stake in Ctrip.com International during the second quarter valued at about $208,000. Telemus Capital LLC raised its stake in Ctrip.com International by 21.7% in the second quarter. Telemus Capital LLC now owns 6,618 shares of the company’s stock valued at $273,000 after buying an additional 1,182 shares during the period. Alpine Partners VI LLC purchased a new stake in Ctrip.com International during the first quarter valued at about $296,000. Wealthsource Partners LLC purchased a new stake in Ctrip.com International during the first quarter valued at about $306,000. Finally, OLD National Bancorp IN raised its stake in Ctrip.com International by 43.8% in the first quarter. OLD National Bancorp IN now owns 7,084 shares of the company’s stock valued at $313,000 after buying an additional 2,159 shares during the period. Institutional investors and hedge funds own 61.86% of the company’s stock.
Shares of Ctrip.com International Ltd. (NASDAQ:CTRP) traded up 2.81% on Wednesday, reaching $45.33. 5,957,466 shares of the company were exchanged. Ctrip.com International Ltd. has a 12-month low of $30.11 and a 12-month high of $57.36. The firm has a market capitalization of $21.14 billion, a PE ratio of 300.20 and a beta of 1.63. The stock’s 50-day moving average is $45.40 and its 200 day moving average is $43.75.
Ctrip.com International (NASDAQ:CTRP) last issued its quarterly earnings data on Wednesday, August 31st. The company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.22. The company earned $664 million during the quarter, compared to analyst estimates of $657.24 million. Ctrip.com International had a return on equity of 0.91% and a net margin of 2.90%. Ctrip.com International’s revenue was up 62.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. On average, analysts forecast that Ctrip.com International Ltd. will post ($0.73) EPS for the current year.
Several brokerages have recently weighed in on CTRP. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $55.00 price objective on shares of Ctrip.com International in a research report on Thursday, August 18th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $50.00 price objective on shares of Ctrip.com International in a research report on Friday, June 17th. Zacks Investment Research lowered shares of Ctrip.com International from a “hold” rating to a “sell” rating in a research report on Thursday, June 16th. JPMorgan Chase & Co. began coverage on shares of Ctrip.com International in a research report on Wednesday, August 31st. They issued an “overweight” rating and a $53.00 price objective on the stock. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $60.00 price objective on shares of Ctrip.com International in a research report on Friday, June 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $55.68.
Ctrip.com International Company Profile
Ctrip.com International, Ltd. is a travel service provider for hotel accommodations, transportation ticketing services, packaged tours and corporate travel management in China. The Company aggregates hotel and flight information to enable business and leisure travelers to make informed bookings. The Company also helps customers book tour packages and guided tours.
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