WIM Asset Management HK Ltd bought a new position in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 196,842 shares of the company’s stock, valued at approximately $8,681,000. Ctrip.Com International makes up 3.7% of WIM Asset Management HK Ltd’s portfolio, making the stock its 7th biggest position.
A number of other large investors have also bought and sold shares of the stock. Pacer Advisors Inc. acquired a new position in shares of Ctrip.Com International in the 2nd quarter worth approximately $316,000. Principal Financial Group Inc. acquired a new position in shares of Ctrip.Com International in the 2nd quarter worth approximately $534,000. Oppenheimer & Co. Inc. acquired a new position in shares of Ctrip.Com International in the 2nd quarter worth approximately $254,000. Oppenheimer Asset Management Inc. lifted its position in shares of Ctrip.Com International by 0.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 14,281 shares of the company’s stock worth $769,000 after purchasing an additional 117 shares during the period. Finally, CIBC World Markets Inc. acquired a new position in shares of Ctrip.Com International in the 2nd quarter worth approximately $602,000. Institutional investors and hedge funds own 68.32% of the company’s stock.
A number of research analysts have recently issued reports on CTRP shares. Zacks Investment Research downgraded shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Barclays started coverage on shares of Ctrip.Com International in a research report on Monday, October 9th. They issued an “overweight” rating and a $62.00 price target on the stock. Cowen restated a “buy” rating and issued a $57.00 price target on shares of Ctrip.Com International in a research report on Sunday, October 8th. Benchmark lowered their price objective on shares of Ctrip.Com International from $58.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Finally, BidaskClub lowered shares of Ctrip.Com International from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Ctrip.Com International has an average rating of “Hold” and an average price target of $55.58.
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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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