5,018 Shares in Ctrip.Com International Ltd (CTRP) Purchased by AlphaStar Capital Management LLC
AlphaStar Capital Management LLC acquired a new stake in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,018 shares of the company’s stock, valued at approximately $265,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in shares of Ctrip.Com International by 13.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,057 shares of the company’s stock worth $123,000 after acquiring an additional 237 shares in the last quarter. Rational Advisors LLC acquired a new position in shares of Ctrip.Com International in the 3rd quarter worth approximately $111,000. Highstreet Asset Management Inc. acquired a new position in shares of Ctrip.Com International in the 2nd quarter worth approximately $121,000. IFP Advisors Inc boosted its holdings in shares of Ctrip.Com International by 6.7% in the 2nd quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock worth $136,000 after acquiring an additional 157 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of Ctrip.Com International in the 3rd quarter worth approximately $212,000. 68.44% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on CTRP shares. BidaskClub downgraded Ctrip.Com International from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Cowen reaffirmed a “buy” rating and set a $60.00 price objective on shares of Ctrip.Com International in a report on Tuesday, August 22nd. Zacks Investment Research downgraded Ctrip.Com International from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Barclays began coverage on Ctrip.Com International in a report on Monday, October 9th. They set an “overweight” rating and a $62.00 price objective on the stock. Finally, Benchmark reduced their price objective on Ctrip.Com International from $58.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $56.75.
Ctrip.Com International Ltd (CTRP) opened at $42.98 on Monday. Ctrip.Com International Ltd has a 1-year low of $39.71 and a 1-year high of $60.65. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $22,059.05, a price-to-earnings ratio of 71.63 and a beta of 1.73.
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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