First Republic Investment Management Inc. acquired a new position in Ctrip.Com International Ltd (NASDAQ:CTRP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,301 shares of the company’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CTRP. Schwab Charles Investment Management Inc. increased its stake in Ctrip.Com International by 83.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 295,309 shares of the company’s stock worth $13,768,000 after acquiring an additional 134,487 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in Ctrip.Com International by 28.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 21,874 shares of the company’s stock worth $1,020,000 after acquiring an additional 4,856 shares during the last quarter. Brinker Capital Inc. acquired a new stake in Ctrip.Com International during the first quarter worth about $342,000. Natixis Advisors L.P. acquired a new stake in Ctrip.Com International during the first quarter worth about $988,000. Finally, New York State Common Retirement Fund increased its stake in Ctrip.Com International by 85.9% during the first quarter. New York State Common Retirement Fund now owns 485,367 shares of the company’s stock worth $22,628,000 after acquiring an additional 224,300 shares during the last quarter. Institutional investors and hedge funds own 66.19% of the company’s stock.

Shares of NASDAQ CTRP opened at $38.12 on Friday. Ctrip.Com International Ltd has a 1-year low of $35.95 and a 1-year high of $56.46. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $20.34 billion, a PE ratio of 64.61, a P/E/G ratio of 1.91 and a beta of 1.85.

Several equities research analysts have commented on CTRP shares. TheStreet upgraded Ctrip.Com International from a “c+” rating to a “b-” rating in a research note on Monday, June 18th. Cowen restated a “buy” rating and set a $51.00 price target on shares of Ctrip.Com International in a research note on Sunday, July 1st. Zacks Investment Research upgraded Ctrip.Com International from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Tuesday, July 10th. BidaskClub upgraded Ctrip.Com International from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. Finally, UBS Group dropped their price target on Ctrip.Com International from $52.82 to $50.00 and set a “buy” rating for the company in a research note on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Ctrip.Com International has a consensus rating of “Hold” and a consensus price target of $49.23.

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

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