Coronation Fund Managers Ltd. Grows Position in Ctrip.Com International Ltd (CTRP)
Coronation Fund Managers Ltd. lifted its stake in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) by 53.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,009,180 shares of the company’s stock after acquiring an additional 1,044,422 shares during the period. Ctrip.Com International accounts for about 3.9% of Coronation Fund Managers Ltd.’s portfolio, making the stock its 7th largest position. Coronation Fund Managers Ltd.’s holdings in Ctrip.Com International were worth $81,429,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new position in shares of Ctrip.Com International during the 4th quarter valued at $32,000. First Mercantile Trust Co. acquired a new position in shares of Ctrip.Com International during the 4th quarter valued at $35,000. Quadrant Capital Group LLC lifted its position in shares of Ctrip.Com International by 1,610.4% during the 4th quarter. Quadrant Capital Group LLC now owns 3,455 shares of the company’s stock valued at $91,000 after acquiring an additional 3,253 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Ctrip.Com International by 21.7% during the 4th quarter. Advisors Asset Management Inc. now owns 4,226 shares of the company’s stock valued at $114,000 after acquiring an additional 753 shares during the period. Finally, Sumitomo Life Insurance Co. acquired a new position in shares of Ctrip.Com International during the 3rd quarter valued at $123,000. Institutional investors own 63.89% of the company’s stock.
CTRP opened at $33.00 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.22 and a current ratio of 1.22. Ctrip.Com International Ltd has a 1-year low of $25.00 and a 1-year high of $51.91. The firm has a market cap of $17.50 billion, a price-to-earnings ratio of 55.93, a price-to-earnings-growth ratio of 5.33 and a beta of 1.69.
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Ctrip.Com International Company Profile
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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