MML Investors Services LLC bought a new position in Ctrip.Com International Ltd (NASDAQ:CTRP) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,561 shares of the company’s stock, valued at approximately $393,000.
Other hedge funds have also recently modified their holdings of the company. Sumitomo Life Insurance Co. bought a new stake in shares of Ctrip.Com International in the third quarter worth about $123,000. PNC Financial Services Group Inc. increased its stake in Ctrip.Com International by 174.3% during the second quarter. PNC Financial Services Group Inc. now owns 3,750 shares of the company’s stock worth $179,000 after acquiring an additional 2,383 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Ctrip.Com International by 339.6% during the second quarter. Advisors Asset Management Inc. now owns 12,800 shares of the company’s stock worth $181,000 after acquiring an additional 9,888 shares during the last quarter. 180 Wealth Advisors LLC bought a new stake in Ctrip.Com International during the second quarter worth approximately $201,000. Finally, Canandaigua National Bank & Trust Co. bought a new stake in Ctrip.Com International during the second quarter worth approximately $225,000. 64.85% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ CTRP opened at $28.98 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $16.02 billion, a P/E ratio of 27.43, a PEG ratio of 2.50 and a beta of 1.86. Ctrip.Com International Ltd has a 52-week low of $25.00 and a 52-week high of $51.91.
Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Ctrip.Com International had a return on equity of 4.78% and a net margin of 9.73%. During the same quarter in the previous year, the business earned $0.41 earnings per share. Analysts anticipate that Ctrip.Com International Ltd will post 0.74 EPS for the current year.
CTRP has been the topic of several analyst reports. BidaskClub cut Ctrip.Com International from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 23rd. Nomura lowered Ctrip.Com International from a “buy” rating to a “neutral” rating and dropped their target price for the company from $49.00 to $36.00 in a research report on Friday, November 9th. CLSA lowered Ctrip.Com International from an “outperform” rating to an “underperform” rating and set a $38.00 target price for the company. in a research report on Thursday, November 8th. Oppenheimer restated a “buy” rating on shares of Ctrip.Com International in a research report on Tuesday, November 13th. Finally, Wells Fargo & Co dropped their target price on Ctrip.Com International from $46.00 to $42.00 and set a “market perform” rating for the company in a research report on Thursday, September 6th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $42.25.
ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Zolmax and is the property of of Zolmax. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://zolmax.com/investing/mml-investors-services-llc-buys-new-holdings-in-ctrip-com-international-ltd-ctrp/2747340.html.
About Ctrip.Com International
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 and real-time flight status.
Further Reading: Find a Trading Strategy That Works
Want to see what other hedge funds are holding CTRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ctrip.Com International Ltd (NASDAQ:CTRP).
Receive News & Ratings for Ctrip.Com International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ctrip.Com International and related companies with MarketBeat.com's FREE daily email newsletter.