Steward Partners Investment Advisory LLC grew its stake in Ctrip.Com International Ltd (NASDAQ:CTRP) by 22.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,700 shares of the company’s stock after purchasing an additional 500 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Ctrip.Com International were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently bought and sold shares of CTRP. Nuveen Asset Management LLC purchased a new stake in shares of Ctrip.Com International in the second quarter valued at approximately $142,052,000. William Blair Investment Management LLC grew its position in Ctrip.Com International by 1,692.7% in the second quarter. William Blair Investment Management LLC now owns 894,059 shares of the company’s stock worth $33,000,000 after acquiring an additional 844,186 shares during the period. Pictet Asset Management Ltd. grew its position in Ctrip.Com International by 21.4% in the second quarter. Pictet Asset Management Ltd. now owns 3,699,728 shares of the company’s stock worth $136,557,000 after acquiring an additional 650,951 shares during the period. Mackenzie Financial Corp purchased a new position in Ctrip.Com International in the second quarter worth approximately $22,907,000. Finally, AIA Group Ltd purchased a new position in Ctrip.Com International in the second quarter worth approximately $21,153,000. Institutional investors and hedge funds own 61.40% of the company’s stock.
Several research analysts recently weighed in on CTRP shares. UBS Group set a $40.00 price objective on Ctrip.Com International and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Zacks Investment Research lowered Ctrip.Com International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Oppenheimer lowered their price objective on Ctrip.Com International from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Nomura set a $37.00 price objective on Ctrip.Com International and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Finally, BidaskClub upgraded Ctrip.Com International from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $42.83.
Ctrip.Com International (NASDAQ:CTRP) last posted its earnings results on Monday, September 9th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. Ctrip.Com International had a return on equity of 3.91% and a net margin of 5.79%. Ctrip.Com International’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, sell-side analysts expect that Ctrip.Com International Ltd will post 0.7 EPS for the current fiscal year.
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, express security check, and real-time flight status.
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