Oppenheimer & Co. Inc. Acquires New Stake in Ctrip (CTRP)
Oppenheimer & Co. Inc. acquired a new position in Ctrip (NASDAQ:CTRP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,600 shares of the company’s stock, valued at approximately $308,000.
Several other institutional investors have also added to or reduced their stakes in the company. Global X Management Co. LLC increased its position in shares of Ctrip by 52.1% in the first quarter. Global X Management Co. LLC now owns 293,104 shares of the company’s stock worth $13,665,000 after acquiring an additional 100,360 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its position in shares of Ctrip by 64.6% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 246,300 shares of the company’s stock worth $10,862,000 after acquiring an additional 96,650 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Ctrip by 39.7% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 124,300 shares of the company’s stock valued at $5,482,000 after purchasing an additional 35,300 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd acquired a new stake in Ctrip during the 4th quarter valued at $2,686,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Ctrip by 33.0% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 10,873 shares of the company’s stock valued at $479,000 after purchasing an additional 2,700 shares in the last quarter. 69.05% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Ctrip from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub lowered shares of Ctrip from a “hold” rating to a “sell” rating in a report on Wednesday. Barclays reaffirmed a “buy” rating and set a $52.00 price target on shares of Ctrip in a report on Thursday, April 19th. TheStreet lowered shares of Ctrip from a “b-” rating to a “c+” rating in a report on Friday, April 20th. Finally, JPMorgan Chase lowered their price target on shares of Ctrip from $45.00 to $43.00 and set a “neutral” rating for the company in a report on Monday, March 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Ctrip presently has an average rating of “Hold” and an average price target of $53.25.
Ctrip (NASDAQ:CTRP) last announced its quarterly earnings data on Wednesday, March 14th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). The company had revenue of $987.54 million for the quarter, compared to analyst estimates of $1 billion. Ctrip had a return on equity of 2.64% and a net margin of 8.00%. Ctrip’s revenue was up 35.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 earnings per share. equities analysts forecast that Ctrip will post 0.5 earnings per share for the current fiscal year.
Ctrip Company Profile
Ctrip.com International, Ltd., together with its subsidiaries, provides travel service for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in the People's Republic of China. The company operates as an agent for hotel-related transactions; sells air tickets; and 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 flight dynamics.
Want to see what other hedge funds are holding CTRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ctrip (NASDAQ:CTRP).
Receive News & Ratings for Ctrip Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ctrip and related companies with MarketBeat.com's FREE daily email newsletter.