Trade Report: Today, Fis Group Inc. Raises Stake in Ctrip.com International Ltd. (CTRP)

Today, Fis Group Inc. Raises Stake in Ctrip.com International Ltd. (CTRP)

Fis Group Inc. raised its position in Ctrip.com International Ltd. (NASDAQ:CTRP) by 0.2% during the third quarter, Holdings Channel reports. The institutional investor owned 61,919 shares of the company’s stock after buying an additional 140 shares during the period. Ctrip.com International accounts for approximately 1.0% of Fis Group Inc.’s holdings, making the stock its 25th largest position. Fis Group Inc.’s holdings in Ctrip.com International were worth $2,880,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Boston Common Asset Management LLC boosted its position in shares of Ctrip.com International by 0.4% in the second quarter. Boston Common Asset Management LLC now owns 14,075 shares of the company’s stock worth $580,000 after buying an additional 60 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of Ctrip.com International by 0.5% in the third quarter. Capstone Asset Management Co. now owns 22,257 shares of the company’s stock worth $1,037,000 after buying an additional 120 shares during the last quarter. American International Group Inc. boosted its position in shares of Ctrip.com International by 1.2% in the second quarter. American International Group Inc. now owns 21,388 shares of the company’s stock worth $881,000 after buying an additional 245 shares during the last quarter. BB&T Securities LLC boosted its position in shares of Ctrip.com International by 4.9% in the second quarter. BB&T Securities LLC now owns 8,206 shares of the company’s stock worth $338,000 after buying an additional 386 shares during the last quarter. Finally, OLD National Bancorp IN boosted its position in shares of Ctrip.com International by 5.4% in the second quarter. OLD National Bancorp IN now owns 7,470 shares of the company’s stock worth $308,000 after buying an additional 386 shares during the last quarter. Institutional investors own 71.30% of the company’s stock.

Ctrip.com International Ltd. (NASDAQ:CTRP) traded down 0.60% on Monday, reaching $44.74. The company had a trading volume of 6,854,490 shares. Ctrip.com International Ltd. has a 52-week low of $35.50 and a 52-week high of $55.60. The stock’s 50-day moving average price is $44.36 and its 200 day moving average price is $43.98.

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

CTRP has been the subject of a number of research analyst reports. Vetr raised Ctrip.com International from a “hold” rating to a “buy” rating and set a $52.50 target price for the company in a report on Wednesday, August 31st. Bank of America Corp. set a $53.00 price target on Ctrip.com International and gave the company a “buy” rating in a report on Monday, August 29th. Morgan Stanley increased their price target on Ctrip.com International from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, August 25th. Zacks Investment Research cut Ctrip.com International from a “hold” rating to a “sell” rating in a report on Tuesday, November 15th. Finally, Credit Suisse Group AG initiated coverage on Ctrip.com International in a report on Friday, September 2nd. They issued an “outperform” rating and a $58.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ctrip.com International presently has an average rating of “Buy” and an average price target of $55.49.

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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