TD Asset Management Inc. lifted its holdings in Ctrip.Com International Ltd (NASDAQ:CTRP) by 32.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 360,408 shares of the company’s stock after purchasing an additional 89,317 shares during the period. TD Asset Management Inc.’s holdings in Ctrip.Com International were worth $13,303,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wasatch Advisors Inc. grew its stake in Ctrip.Com International by 3.8% in the first quarter. Wasatch Advisors Inc. now owns 1,580,300 shares of the company’s stock worth $69,043,000 after purchasing an additional 57,401 shares in the last quarter. Kontiki Capital Management HK Ltd. grew its stake in Ctrip.Com International by 6.1% in the first quarter. Kontiki Capital Management HK Ltd. now owns 2,446,840 shares of the company’s stock worth $106,902,000 after purchasing an additional 140,300 shares in the last quarter. Mizuho Securities USA LLC bought a new position in Ctrip.Com International in the first quarter worth approximately $350,000. Wetherby Asset Management Inc. grew its stake in Ctrip.Com International by 49.5% in the first quarter. Wetherby Asset Management Inc. now owns 12,128 shares of the company’s stock worth $530,000 after purchasing an additional 4,014 shares in the last quarter. Finally, KCS Wealth Advisory grew its stake in Ctrip.Com International by 29.7% in the first quarter. KCS Wealth Advisory now owns 14,015 shares of the company’s stock worth $612,000 after purchasing an additional 3,213 shares in the last quarter. Hedge funds and other institutional investors own 62.39% of the company’s stock.
NASDAQ CTRP traded up $1.17 during midday trading on Friday, hitting $33.53. 2,853,800 shares of the company traded hands, compared to its average volume of 3,545,403. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $17.50 billion, a PE ratio of 35.67, a price-to-earnings-growth ratio of 2.36 and a beta of 1.57. The company’s 50-day simple moving average is $37.01 and its 200-day simple moving average is $38.13. Ctrip.Com International Ltd has a 52 week low of $25.00 and a 52 week high of $46.50.
Several brokerages recently issued reports on CTRP. Credit Suisse Group raised Ctrip.Com International from a “neutral” rating to an “outperform” rating and set a $37.20 price objective on the stock in a research note on Tuesday, July 16th. Macquarie cut Ctrip.Com International from an “outperform” rating to a “neutral” rating in a research note on Friday, May 3rd. Barclays dropped their price objective on Ctrip.Com International from $48.00 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 22nd. Zacks Investment Research cut Ctrip.Com International from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, CICC Research raised Ctrip.Com International from a “hold” rating to a “buy” rating in a research note on Thursday, May 23rd. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $42.51.
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, express security check, and real-time flight status.
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