Teacher Retirement System of Texas Acquires 30,123 Shares of Ctrip.com International Ltd. (CTRP)
Teacher Retirement System of Texas raised its stake in Ctrip.com International Ltd. (NASDAQ:CTRP) by 155.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,551 shares of the company’s stock after buying an additional 30,123 shares during the period. Teacher Retirement System of Texas’ holdings in Ctrip.com International were worth $2,042,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. Huntington National Bank acquired a new position in Ctrip.com International during the second quarter valued at $102,000. Seven Bridges Advisors LLC increased its position in Ctrip.com International by 66.2% in the second quarter. Seven Bridges Advisors LLC now owns 4,134 shares of the company’s stock valued at $170,000 after buying an additional 1,646 shares during the last quarter. Parametrica Management Ltd acquired a new position in Ctrip.com International during the second quarter valued at $208,000. Telemus Capital LLC increased its position in Ctrip.com International by 21.7% in the second quarter. Telemus Capital LLC now owns 6,618 shares of the company’s stock valued at $273,000 after buying an additional 1,182 shares during the last quarter. Finally, Alpine Partners VI LLC acquired a new position in Ctrip.com International during the first quarter valued at $296,000. Hedge funds and other institutional investors own 61.86% of the company’s stock.
Ctrip.com International Ltd. (NASDAQ:CTRP) traded down 0.15% during midday trading on Friday, reaching $46.03. 2,418,029 shares of the company were exchanged. Ctrip.com International Ltd. has a 52 week low of $30.11 and a 52 week high of $57.36. The company has a 50-day moving average of $45.50 and a 200 day moving average of $43.77. The firm has a market capitalization of $21.47 billion, a PE ratio of 304.83 and a beta of 1.63.
Ctrip.com International (NASDAQ:CTRP) last released its earnings results on Wednesday, August 31st. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.22. Ctrip.com International had a net margin of 2.90% and a return on equity of 0.91%. The company had revenue of $664 million for the quarter, compared to analysts’ expectations of $657.24 million. During the same quarter last year, the business earned $0.30 EPS. The firm’s revenue was up 62.9% compared to the same quarter last year. Equities analysts predict that Ctrip.com International Ltd. will post ($0.73) earnings per share for the current year.
Several equities analysts have recently weighed in on the stock. Goldman Sachs Group Inc. assumed coverage on shares of Ctrip.com International in a research note on Monday, July 25th. They issued a “buy” rating and a $52.00 target price for the company. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $53.00 target price (up previously from $50.00) on shares of Ctrip.com International in a research note on Saturday, September 3rd. Deutsche Bank AG reiterated a “buy” rating and issued a $60.00 target price on shares of Ctrip.com International in a research note on Friday, June 17th. Brean Capital reiterated a “buy” rating and issued a $52.00 target price on shares of Ctrip.com International in a research note on Sunday, September 4th. Finally, Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $55.00 target price on shares of Ctrip.com International in a research note on Thursday, June 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Ctrip.com International currently has an average rating of “Buy” and a consensus price target of $55.68.
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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