TD Asset Management Inc. reduced its stake in Ctrip.com International, Ltd. (NASDAQ:CTRP) by 10.6% during the second quarter, Holdings Channel reports. The institutional investor owned 684,210 shares of the company’s stock after selling 81,165 shares during the period. TD Asset Management Inc.’s holdings in Ctrip.com International were worth $36,852,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of CTRP. IHT Wealth Management LLC raised its stake in shares of Ctrip.com International by 0.5% in the first quarter. IHT Wealth Management LLC now owns 3,202 shares of the company’s stock valued at $157,000 after buying an additional 15 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Ctrip.com International by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,646 shares of the company’s stock valued at $143,000 after buying an additional 46 shares in the last quarter. American International Group Inc. raised its stake in shares of Ctrip.com International by 0.3% in the first quarter. American International Group Inc. now owns 23,512 shares of the company’s stock valued at $1,156,000 after buying an additional 63 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Ctrip.com International by 6.7% in the second quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock valued at $136,000 after buying an additional 157 shares in the last quarter. Finally, World Asset Management Inc raised its stake in shares of Ctrip.com International by 0.5% in the second quarter. World Asset Management Inc now owns 30,839 shares of the company’s stock valued at $1,661,000 after buying an additional 167 shares in the last quarter. 66.01% of the stock is owned by institutional investors and hedge funds.

Shares of Ctrip.com International, Ltd. (NASDAQ CTRP) opened at 57.71 on Thursday. The stock has a market cap of $29.98 billion, a price-to-earnings ratio of 836.38 and a beta of 1.71. Ctrip.com International, Ltd. has a 52 week low of $39.71 and a 52 week high of $60.65. The company has a 50-day moving average price of $56.56 and a 200-day moving average price of $51.53.

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Several brokerages have issued reports on CTRP. ValuEngine lowered Ctrip.com International from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Instinet reaffirmed a “buy” rating and issued a $64.00 target price on shares of Ctrip.com International in a research note on Monday, May 15th. Cowen and Company cut their target price on Ctrip.com International from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, May 11th. BidaskClub lowered Ctrip.com International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Finally, Stifel Nicolaus upped their target price on Ctrip.com International from $58.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, May 11th. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Ctrip.com International currently has a consensus rating of “Buy” and an average price target of $57.73.

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

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