Silver Lake Group L.L.C. Continues to Hold Stake in Ctrip.com International, Ltd. (CTRP)
Silver Lake Group L.L.C. maintained its position in shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,381,432 shares of the company’s stock at the end of the fourth quarter. Ctrip.com International comprises about 3.7% of Silver Lake Group L.L.C.’s investment portfolio, making the stock its 6th largest position. Silver Lake Group L.L.C. owned about 0.71% of Ctrip.com International worth $135,257,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in CTRP. Baillie Gifford & Co. raised its position in Ctrip.com International by 3.2% in the second quarter. Baillie Gifford & Co. now owns 32,863,456 shares of the company’s stock worth $1,353,974,000 after buying an additional 1,017,414 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Ctrip.com International by 31.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 23,551,572 shares of the company’s stock worth $1,096,797,000 after buying an additional 5,701,896 shares in the last quarter. Fisher Asset Management LLC raised its position in Ctrip.com International by 0.6% in the third quarter. Fisher Asset Management LLC now owns 9,877,999 shares of the company’s stock worth $460,018,000 after buying an additional 63,110 shares in the last quarter. WCM Investment Management CA raised its position in Ctrip.com International by 4.8% in the third quarter. WCM Investment Management CA now owns 9,408,390 shares of the company’s stock worth $438,149,000 after buying an additional 433,686 shares in the last quarter. Finally, FMR LLC raised its position in Ctrip.com International by 50.8% in the fourth quarter. FMR LLC now owns 9,322,509 shares of the company’s stock worth $372,901,000 after buying an additional 3,142,419 shares in the last quarter. 72.13% of the stock is owned by hedge funds and other institutional investors.
Shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) traded up 0.11% during midday trading on Thursday, hitting $45.51. 3,346,963 shares of the stock were exchanged. Ctrip.com International, Ltd. has a one year low of $37.36 and a one year high of $49.62. The firm has a 50 day moving average of $43.19 and a 200-day moving average of $44.20. The company’s market cap is $21.52 billion.
Ctrip.com International (NASDAQ:CTRP) last announced its quarterly earnings results on Wednesday, November 23rd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.06. The firm earned $836 million during the quarter. Ctrip.com International had a negative return on equity of 3.17% and a negative net margin of 11.48%. The business’s revenue for the quarter was up 61.0% compared to the same quarter last year. During the same period last year, the company earned $1.10 earnings per share. Equities 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 have issued reports on the stock. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $55.00 price target on shares of Ctrip.com International in a research report on Wednesday, November 30th. Sanford C. Bernstein assumed coverage on shares of Ctrip.com International in a research report on Wednesday, January 11th. They set a “market perform” rating and a $41.00 price target for the company. Brean Capital reissued a “buy” rating on shares of Ctrip.com International in a research report on Tuesday, December 13th. Zacks Investment Research lowered shares of Ctrip.com International from a “hold” rating to a “sell” rating in a research report on Tuesday, November 15th. Finally, HSBC Holdings plc raised shares of Ctrip.com International from a “hold” rating to a “buy” rating and raised their price target for the stock from $46.00 to $53.00 in a research report on Friday, November 25th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Ctrip.com International has an average rating of “Buy” and a consensus target price of $53.68.
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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