Baird Financial Group Inc. cut its position in Ctrip.com International, Ltd. (NASDAQ:CTRP) by 80.4% during the fourth quarter, Holdings Channel reports. The firm owned 96,437 shares of the company’s stock after selling 394,841 shares during the period. Baird Financial Group Inc.’s holdings in Ctrip.com International were worth $3,857,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of CTRP. Baillie Gifford & Co. increased its position in shares of Ctrip.com International by 3.2% in the second quarter. Baillie Gifford & Co. now owns 32,863,456 shares of the company’s stock worth $1,353,974,000 after buying an additional 1,017,414 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Ctrip.com International by 31.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 23,551,572 shares of the company’s stock worth $1,096,797,000 after buying an additional 5,701,896 shares during the period. Fisher Asset Management LLC increased its position in shares of Ctrip.com International by 0.6% in the third quarter. Fisher Asset Management LLC now owns 9,877,999 shares of the company’s stock worth $460,018,000 after buying an additional 63,110 shares during the period. WCM Investment Management CA increased its position in shares of Ctrip.com International by 4.8% in the third quarter. WCM Investment Management CA now owns 9,408,390 shares of the company’s stock worth $438,149,000 after buying an additional 433,686 shares during the period. Finally, Harding Loevner LP increased its position in shares of Ctrip.com International by 3.3% in the third quarter. Harding Loevner LP now owns 6,854,569 shares of the company’s stock worth $319,218,000 after buying an additional 221,245 shares during the period. 72.13% of the stock is currently owned by institutional investors.
Shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) traded down 0.648% during midday trading on Friday, hitting $45.215. 696,998 shares of the stock were exchanged. The firm’s 50 day moving average price is $43.26 and its 200-day moving average price is $44.21. Ctrip.com International, Ltd. has a 52-week low of $37.36 and a 52-week high of $49.62. The stock’s market cap is $21.38 billion.
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 consensus estimate of $0.11 by $0.06. Ctrip.com International had a negative return on equity of 3.17% and a negative net margin of 11.48%. The firm earned $836 million during the quarter. During the same quarter in the previous year, the business earned $1.10 earnings per share. Ctrip.com International’s revenue was up 61.0% compared to the same quarter last year. On average, equities research analysts expect that Ctrip.com International, Ltd. will post ($0.61) earnings per share for the current fiscal year.
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Several research firms have commented on CTRP. Sanford C. Bernstein began coverage on shares of Ctrip.com International in a report on Wednesday, January 11th. They set a “market perform” rating and a $41.00 price objective on the stock. Brean Capital reaffirmed a “buy” rating on shares of Ctrip.com International in a report on Friday, November 25th. HSBC Holdings plc raised shares of Ctrip.com International from a “hold” rating to a “buy” rating and upped their price objective for the company from $46.00 to $53.00 in a report on Friday, November 25th. Credit Suisse Group reaffirmed a “buy” rating on shares of Ctrip.com International in a report on Tuesday, November 29th. Finally, Zacks Investment Research downgraded shares of Ctrip.com International from a “hold” rating to a “sell” rating in a report on Tuesday, November 15th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $53.09.
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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