Public Employees Retirement Association of Colorado bought a new position in Ctrip.com International Ltd. (NASDAQ:CTRP) during the second quarter, Holdings Channel reports. The institutional investor bought 212,300 shares of the company’s stock, valued at approximately $8,747,000.
A number of other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Ctrip.com International by 585.0% in the first quarter. State Street Corp now owns 18,645,595 shares of the company’s stock worth $133,408,000 after buying an additional 15,923,490 shares during the period. Fisher Asset Management LLC increased its stake in Ctrip.com International by 5.3% in the second quarter. Fisher Asset Management LLC now owns 9,814,889 shares of the company’s stock worth $410,066,000 after buying an additional 492,598 shares during the period. Hillhouse Capital Management Ltd. increased its stake in Ctrip.com International by 9.2% in the first quarter. Hillhouse Capital Management Ltd. now owns 8,162,855 shares of the company’s stock worth $361,288,000 after buying an additional 687,169 shares during the period. Harding Loevner LP increased its stake in Ctrip.com International by 3.6% in the second quarter. Harding Loevner LP now owns 6,633,324 shares of the company’s stock worth $273,293,000 after buying an additional 228,112 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Ctrip.com International by 50.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768,099 shares of the company’s stock worth $122,516,000 after buying an additional 923,821 shares during the period. 61.93% of the stock is currently owned by institutional investors and hedge funds.
Ctrip.com International Ltd. (NASDAQ:CTRP) traded up 0.56% during mid-day trading on Friday, hitting $46.57. 2,211,567 shares of the company traded hands. Ctrip.com International Ltd. has a one year low of $35.29 and a one year high of $57.36. The firm has a market capitalization of $21.72 billion, a P/E ratio of 308.41 and a beta of 1.47. The firm has a 50 day moving average of $46.05 and a 200 day moving average of $44.30.
Ctrip.com International (NASDAQ:CTRP) last released its earnings results on Wednesday, August 31st. The company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.22. The firm had revenue of $664 million for the quarter, compared to analysts’ expectations of $657.24 million. Ctrip.com International had a net margin of 2.90% and a return on equity of 0.91%. The company’s quarterly revenue was up 62.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.30 earnings per share. Equities research analysts expect that Ctrip.com International Ltd. will post ($0.73) earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on CTRP shares. Brean Capital reissued a “buy” rating on shares of Ctrip.com International in a research report on Tuesday, August 23rd. Goldman Sachs Group Inc. started coverage on Ctrip.com International in a research report on Monday, July 25th. They set a “buy” rating and a $52.00 target price on the stock. TheStreet downgraded Ctrip.com International from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Ctrip.com International in a report on Thursday, August 18th. Finally, Nomura reaffirmed a “buy” rating and set a $57.00 price objective (up from $49.00) on shares of Ctrip.com International in a report on Wednesday, September 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. Ctrip.com International currently has a consensus rating of “Buy” and an average price target 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.