Sumitomo Mitsui Trust Holdings Inc. decreased its stake in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) by 10.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,280,622 shares of the company’s stock after selling 146,467 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.23% of Ctrip.Com International worth $37,509,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Grandeur Peak Global Advisors LLC boosted its holdings in shares of Ctrip.Com International by 0.6% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 368,441 shares of the company’s stock worth $13,599,000 after buying an additional 2,250 shares during the period. KBC Group NV raised its stake in Ctrip.Com International by 29.0% in the 2nd quarter. KBC Group NV now owns 141,538 shares of the company’s stock worth $5,224,000 after purchasing an additional 31,842 shares in the last quarter. Bank of Montreal Can raised its stake in Ctrip.Com International by 78.8% in the 2nd quarter. Bank of Montreal Can now owns 1,107,919 shares of the company’s stock worth $40,893,000 after purchasing an additional 488,105 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in Ctrip.Com International in the 2nd quarter worth about $142,052,000. Finally, Natixis acquired a new stake in Ctrip.Com International in the 2nd quarter worth about $254,000. 61.40% of the stock is owned by institutional investors and hedge funds.
NASDAQ:CTRP opened at $34.93 on Friday. The firm’s fifty day moving average is $31.22 and its 200-day moving average is $35.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.07 and a current ratio of 1.07. Ctrip.Com International Ltd has a 52 week low of $25.00 and a 52 week high of $46.50. The firm has a market cap of $18.69 billion, a P/E ratio of 37.16, a P/E/G ratio of 48.04 and a beta of 1.61.
Ctrip.Com International (NASDAQ:CTRP) last posted its quarterly earnings data on Monday, September 9th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. Ctrip.Com International had a net margin of 5.79% and a return on equity of 3.91%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm posted $0.29 EPS. The company’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Ctrip.Com International Ltd will post 0.7 earnings per share for the current year.
CTRP has been the subject of several analyst reports. Zacks Investment Research cut shares of Ctrip.Com International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Morgan Stanley cut shares of Ctrip.Com International from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $43.00 to $35.00 in a research note on Tuesday, September 10th. UBS Group set a $40.00 price objective on shares of Ctrip.Com International and gave the stock a “hold” rating in a research note on Tuesday, September 10th. ValuEngine cut shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Cowen set a $40.00 target price on shares of Ctrip.Com International and gave the company a “buy” rating in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $41.68.
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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