Valiant Capital Management L.P. lowered its position in shares of Ctrip.com International Ltd. (NASDAQ:CTRP) by 44.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 758,400 shares of the company’s stock after selling 594,900 shares during the period. Ctrip.com International comprises approximately 2.1% of Valiant Capital Management L.P.’s portfolio, making the stock its 13th largest position. Valiant Capital Management L.P.’s holdings in Ctrip.com International were worth $31,246,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank purchased a new position in Ctrip.com International during the second quarter worth $102,000. Seven Bridges Advisors LLC boosted its stake in Ctrip.com International by 66.2% in the second quarter. Seven Bridges Advisors LLC now owns 4,134 shares of the company’s stock worth $170,000 after buying an additional 1,646 shares in the last quarter. Parametrica Management Ltd bought a new stake in Ctrip.com International during the second quarter worth approximately $208,000. Telemus Capital LLC boosted its stake in Ctrip.com International by 21.7% in the second quarter. Telemus Capital LLC now owns 6,618 shares of the company’s stock worth $273,000 after buying an additional 1,182 shares in the last quarter. Finally, Alpine Partners VI LLC bought a new stake in Ctrip.com International during the first quarter worth approximately $296,000. Institutional investors own 61.86% of the company’s stock.
Ctrip.com International Ltd. (NASDAQ:CTRP) traded up 0.819% during midday trading on Wednesday, reaching $47.415. 3,834,971 shares of the company’s stock were exchanged. Ctrip.com International Ltd. has a 52 week low of $33.05 and a 52 week high of $57.36. The firm has a market capitalization of $22.11 billion, a P/E ratio of 314.007 and a beta of 1.47. The stock’s 50 day moving average is $45.85 and its 200 day moving average is $44.14.
Ctrip.com International (NASDAQ:CTRP) last posted its earnings results on Wednesday, August 31st. The company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.22. Ctrip.com International had a net margin of 2.90% and a return on equity of 0.91%. The firm earned $664 million during the quarter, compared to the consensus estimate of $657.24 million. During the same period last year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was up 62.9% on a year-over-year basis. On average, analysts expect that Ctrip.com International Ltd. will post ($0.73) EPS for the current fiscal year.
A number of analysts have recently commented on CTRP shares. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $55.00 target price on shares of Ctrip.com International in a research note on Thursday, June 16th. Nomura reissued a “buy” rating and set a $49.00 target price on shares of Ctrip.com International in a research note on Friday, June 17th. Deutsche Bank AG reissued a “buy” rating and set a $60.00 target price on shares of Ctrip.com International in a research note on Friday, June 17th. Brean Capital reissued a “buy” rating and set a $52.00 target price (down previously from $56.00) on shares of Ctrip.com International in a research note on Thursday, June 16th. Finally, Bank of America Corp. reissued a “buy” rating and set a $52.00 target price on shares of Ctrip.com International in a research note on Tuesday, June 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $55.68.
Ctrip.com International Company Profile
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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