Daiwa Securities Group Inc. boosted its stake in Ctrip.com International Ltd. (NASDAQ:CTRP) by 1,063.4% during the second quarter, Holdings Channel reports. The institutional investor owned 47,700 shares of the company’s stock after buying an additional 43,600 shares during the period. Daiwa Securities Group Inc.’s holdings in Ctrip.com International were worth $1,965,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Parametrica Management Ltd purchased a new stake in Ctrip.com International during the second quarter valued at about $208,000. Telemus Capital LLC increased its position in shares of Ctrip.com International by 21.7% in the second quarter. Telemus Capital LLC now owns 6,618 shares of the company’s stock valued at $273,000 after buying an additional 1,182 shares during the last quarter. Alpine Partners VI LLC bought a new position in shares of Ctrip.com International during the first quarter valued at approximately $296,000. Wealthsource Partners LLC bought a new position in shares of Ctrip.com International during the first quarter valued at approximately $306,000. Finally, OLD National Bancorp IN increased its position in shares of Ctrip.com International by 43.8% in the first quarter. OLD National Bancorp IN now owns 7,084 shares of the company’s stock valued at $313,000 after buying an additional 2,159 shares during the last quarter. Institutional investors and hedge funds own 61.86% of the company’s stock.
Shares of Ctrip.com International Ltd. (NASDAQ:CTRP) traded down 0.17% on Friday, hitting $46.02. 4,894,676 shares of the stock were exchanged. Ctrip.com International Ltd. has a 12 month low of $30.11 and a 12 month high of $57.36. The company has a market cap of $21.46 billion, a PE ratio of 304.77 and a beta of 1.63. The company has a 50-day moving average price of $45.59 and a 200 day moving average price of $43.81.
Ctrip.com International (NASDAQ:CTRP) last announced its quarterly earnings data on Wednesday, August 31st. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.22. The firm earned $664 million during the quarter, compared to analyst estimates of $657.24 million. Ctrip.com International had a net margin of 2.90% and a return on equity of 0.91%. The business’s quarterly revenue was up 62.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 EPS. Equities analysts forecast that Ctrip.com International Ltd. will post ($0.73) EPS for the current fiscal year.
Several brokerages recently commented on CTRP. Goldman Sachs Group Inc. began coverage on shares of Ctrip.com International in a research note on Monday, July 25th. They issued a “buy” rating and a $52.00 price objective for the company. Piper Jaffray Cos. reissued an “overweight” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Ctrip.com International in a research note on Saturday, September 3rd. Deutsche Bank AG reissued a “buy” rating and issued a $60.00 price objective on shares of Ctrip.com International in a research note on Friday, June 17th. Brean Capital reissued a “buy” rating and issued a $52.00 price objective on shares of Ctrip.com International in a research note on Sunday, September 4th. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $55.00 price objective on shares of Ctrip.com International in a research note on Thursday, June 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $55.68.
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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