First Republic Investment Management Inc. Invests $252,000 in Ctrip.Com International Ltd (CTRP) Stock
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.
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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