Fernwood Investment Management LLC Has $1.24 Million Position in Ctrip.Com International Ltd (CTRP)
Fernwood Investment Management LLC boosted its stake in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) by 9.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,525 shares of the company’s stock after acquiring an additional 2,025 shares during the quarter. Fernwood Investment Management LLC’s holdings in Ctrip.Com International were worth $1,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of CTRP. Rational Advisors LLC purchased a new stake in Ctrip.Com International in the 3rd quarter worth approximately $111,000. Highstreet Asset Management Inc. purchased a new stake in Ctrip.Com International in the 2nd quarter worth approximately $121,000. Parallel Advisors LLC lifted its holdings in 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 buying an additional 237 shares during the period. Huntington National Bank lifted its holdings in Ctrip.Com International by 40.5% in the 2nd quarter. Huntington National Bank now owns 2,325 shares of the company’s stock worth $125,000 after buying an additional 670 shares during the period. Finally, IFP Advisors Inc lifted its holdings in 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 buying an additional 157 shares during the period. Institutional investors own 67.52% of the company’s stock.
CTRP has been the subject of several research analyst reports. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $62.00 price objective (down previously from $65.00) on shares of Ctrip.Com International in a report on Friday, August 25th. Zacks Investment Research upgraded Ctrip.Com International from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. BidaskClub cut Ctrip.Com International from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Cowen Inc reiterated a “buy” rating and issued a $60.00 price objective on shares of Ctrip.Com International in a report on Tuesday, August 22nd. Finally, Benchmark Co. dropped their price objective on Ctrip.Com International from $61.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, August 31st. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Ctrip.Com International currently has a consensus rating of “Buy” and a consensus price target of $57.82.
Ctrip.Com International Ltd (NASDAQ:CTRP) opened at $47.64 on Monday. Ctrip.Com International Ltd has a 52-week low of $39.71 and a 52-week high of $60.65. The stock has a market capitalization of $24,450.75, a P/E ratio of 79.40 and a beta of 1.79. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51.
Ctrip.Com International (NASDAQ:CTRP) last announced its earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.11). Ctrip.Com International had a return on equity of 2.92% and a net margin of 8.92%. The firm had revenue of $946.38 million during the quarter, compared to the consensus estimate of $929.55 million. During the same period in the prior year, the company posted $0.02 EPS. The firm’s revenue was up 42.5% on a year-over-year basis. research analysts expect that Ctrip.Com International Ltd will post 0.45 earnings per share for the current fiscal year.
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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