Tower Research Capital LLC TRC purchased a new position in Ctrip.Com International Ltd (NASDAQ:CTRP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 17,495 shares of the company’s stock, valued at approximately $646,000.
Other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC lifted its stake in Ctrip.Com International by 500.0% during the 1st quarter. Advisory Services Network LLC now owns 600 shares of the company’s stock valued at $26,000 after acquiring an additional 500 shares during the period. Cornerstone Advisors Inc. lifted its stake in Ctrip.Com International by 255.7% during the 1st quarter. Cornerstone Advisors Inc. now owns 818 shares of the company’s stock valued at $36,000 after acquiring an additional 588 shares during the period. Mizuho Securities Co. Ltd. bought a new position in Ctrip.Com International during the 2nd quarter valued at about $44,000. Rehmann Capital Advisory Group lifted its stake in Ctrip.Com International by 2,377.8% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,338 shares of the company’s stock valued at $58,000 after acquiring an additional 1,284 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in Ctrip.Com International during the 1st quarter valued at about $96,000. Institutional investors own 62.56% of the company’s stock.
Several equities analysts have issued reports on CTRP shares. Daiwa Capital Markets upgraded shares of Ctrip.Com International from an “underperform” rating to an “outperform” rating in a research note on Thursday, May 23rd. Barclays lowered their price objective on shares of Ctrip.Com International from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Nomura set a $37.00 price objective on shares of Ctrip.Com International and gave the stock a “hold” rating in a research note on Tuesday, September 10th. CICC Research upgraded shares of Ctrip.Com International from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. Finally, Cowen set a $40.00 price objective on shares of Ctrip.Com International and gave the stock a “buy” rating in a research note on Friday. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Ctrip.Com International presently has an average rating of “Buy” and an average price target of $41.68.
Ctrip.Com International stock traded down $0.53 during midday trading on Tuesday, hitting $35.10. The stock had a trading volume of 858,252 shares, compared to its average volume of 4,490,583. The firm’s fifty day moving average is $34.31 and its two-hundred day moving average is $38.11. The company has a market capitalization of $19.45 billion, a PE ratio of 37.34, a P/E/G ratio of 51.20 and a beta of 1.64. Ctrip.Com International Ltd has a 52-week low of $25.00 and a 52-week high of $46.50. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24.
Ctrip.Com International (NASDAQ:CTRP) last released its earnings results on Monday, September 9th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.04. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. Ctrip.Com International had a net margin of 5.79% and a return on equity of 3.91%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 EPS. As a group, equities research analysts predict that Ctrip.Com International Ltd will post 0.7 earnings per share for the current fiscal year.
Ctrip.Com International Company Profile
Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
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