Today, Quantitative Investment Management LLC Buys New Position in Ctrip.com International Ltd. (CTRP)

Today, Quantitative Investment Management LLC Buys New Position in Ctrip.com International Ltd. (CTRP)

Quantitative Investment Management LLC purchased a new stake in Ctrip.com International Ltd. (NASDAQ:CTRP) during the third quarter, Holdings Channel reports. The firm purchased 17,200 shares of the company’s stock, valued at approximately $801,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CTRP. Huntington National Bank purchased a new position in shares of Ctrip.com International during the second quarter valued at about $102,000. Nippon Life Insurance Co. raised its position in shares of Ctrip.com International by 3.4% in the third quarter. Nippon Life Insurance Co. now owns 2,273 shares of the company’s stock valued at $106,000 after buying an additional 74 shares during the last quarter. Seven Bridges Advisors LLC raised its position in shares of Ctrip.com International by 66.2% in the second quarter. Seven Bridges Advisors LLC now owns 4,134 shares of the company’s stock valued at $170,000 after buying an additional 1,646 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Ctrip.com International by 132.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,135 shares of the company’s stock valued at $170,000 after buying an additional 2,355 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new position in shares of Ctrip.com International during the second quarter valued at about $208,000. Institutional investors and hedge funds own 68.30% of the company’s stock.

Shares of Ctrip.com International Ltd. (NASDAQ:CTRP) opened at 45.0100 on Friday. Ctrip.com International Ltd. has a one year low of $35.50 and a one year high of $55.60.

Ctrip.com International (NASDAQ:CTRP) last posted its earnings results on Wednesday, November 23rd. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. Ctrip.com International had a negative return on equity of 3.28% and a negative net margin of 11.48%. The firm had revenue of $836 million for the quarter. During the same quarter last year, the company posted $1.10 EPS. The firm’s revenue was up 61.0% on a year-over-year basis. On average, analysts predict that Ctrip.com International Ltd. will post ($0.72) EPS for the current fiscal year.

Several brokerages have issued reports on CTRP. Bank of America Corp. set a $53.00 price target on Ctrip.com International and gave the stock a “buy” rating in a report on Monday, August 29th. Credit Suisse Group AG began coverage on Ctrip.com International in a report on Friday, September 2nd. They issued an “outperform” rating and a $58.00 price target on the stock. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $53.00 price target (up previously from $50.00) on shares of Ctrip.com International in a report on Saturday, September 3rd. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $55.00 target price on shares of Ctrip.com International in a report on Monday, September 5th. Finally, Vetr upgraded Ctrip.com International from a “hold” rating to a “buy” rating and set a $52.50 target price on the stock in a report on Wednesday, August 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.49.

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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