Bank of New York Mellon Corp decreased its position in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,072,300 shares of the company’s stock after selling 59,115 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ctrip.Com International were worth $29,017,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Broad Peak Investment Management LTD. boosted its holdings in shares of Ctrip.Com International by 39.7% during the fourth quarter. Broad Peak Investment Management LTD. now owns 117,100 shares of the company’s stock valued at $3,169,000 after acquiring an additional 33,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Ctrip.Com International by 9.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 128,144 shares of the company’s stock valued at $4,763,000 after acquiring an additional 10,881 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Ctrip.Com International by 2.0% during the third quarter. AQR Capital Management LLC now owns 1,254,446 shares of the company’s stock valued at $46,628,000 after acquiring an additional 24,028 shares during the period. Rafferty Asset Management LLC boosted its holdings in shares of Ctrip.Com International by 53.1% during the third quarter. Rafferty Asset Management LLC now owns 50,445 shares of the company’s stock valued at $1,875,000 after acquiring an additional 17,497 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Ctrip.Com International by 606.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 27,545 shares of the company’s stock valued at $762,000 after acquiring an additional 23,645 shares during the period. 65.87% of the stock is owned by institutional investors.

CTRP stock opened at $41.28 on Tuesday. The stock has a market capitalization of $21.77 billion, a P/E ratio of 43.91, a P/E/G ratio of 1.76 and a beta of 1.51. Ctrip.Com International Ltd has a fifty-two week low of $25.00 and a fifty-two week high of $51.91. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.15 and a quick ratio of 1.15.

Several brokerages have recently issued reports on CTRP. Zacks Investment Research raised shares of Ctrip.Com International from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a report on Tuesday, January 8th. Nomura upped their price objective on shares of Ctrip.Com International from $36.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. ValuEngine raised shares of Ctrip.Com International from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. BidaskClub raised shares of Ctrip.Com International from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Mizuho downgraded shares of Ctrip.Com International from a “buy” rating to a “neutral” rating and set a $31.00 price objective for the company. in a report on Wednesday, December 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $42.41.

TRADEMARK VIOLATION NOTICE: “Bank of New York Mellon Corp Has $29.02 Million Stake in Ctrip.Com International Ltd (CTRP)” was reported by Watch List News and is the property of of Watch List News. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.watchlistnews.com/bank-of-new-york-mellon-corp-has-29-02-million-stake-in-ctrip-com-international-ltd-ctrp/2918022.html.

About Ctrip.Com International

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 and real-time flight status.

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Institutional Ownership by Quarter for Ctrip.Com International (NASDAQ:CTRP)

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