Daiwa Securities Group Inc. boosted its position in Ctrip.com International Ltd. (NASDAQ:CTRP) by 27.5% during the third quarter, Holdings Channel reports. The firm owned 60,800 shares of the company’s stock after buying an additional 13,100 shares during the period. Daiwa Securities Group Inc.’s holdings in Ctrip.com International were worth $2,831,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its position in Ctrip.com International by 139.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,045,580 shares of the company’s stock worth $43,078,000 after buying an additional 609,284 shares during the period. British Columbia Investment Management Corp increased its position in Ctrip.com International by 151.1% in the second quarter. British Columbia Investment Management Corp now owns 76,600 shares of the company’s stock worth $3,156,000 after buying an additional 46,100 shares during the period. Gulf International Bank UK Ltd increased its position in Ctrip.com International by 173.3% in the second quarter. Gulf International Bank UK Ltd now owns 83,580 shares of the company’s stock worth $3,443,000 after buying an additional 53,000 shares during the period. Newport Asia LLC increased its position in Ctrip.com International by 121.0% in the second quarter. Newport Asia LLC now owns 776,000 shares of the company’s stock worth $31,971,000 after buying an additional 424,800 shares during the period. Finally, Fisher Asset Management LLC increased its position in Ctrip.com International by 5.3% in the second quarter. Fisher Asset Management LLC now owns 9,814,889 shares of the company’s stock worth $410,066,000 after buying an additional 492,598 shares during the period. Institutional investors and hedge funds own 71.30% of the company’s stock.

Institutional Ownership by Quarter for Ctrip.com International (NASDAQ:CTRP)

Ctrip.com International Ltd. (NASDAQ:CTRP) traded up 2.53% on Tuesday, hitting $45.87. The company’s stock had a trading volume of 7,527,201 shares. Ctrip.com International Ltd. has a 1-year low of $35.50 and a 1-year high of $55.60. The company has a 50 day moving average price of $0.00 and a 200-day moving average price of $0.00.

Ctrip.com International (NASDAQ:CTRP) last issued its quarterly earnings data on Wednesday, November 23rd. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.06. The firm had revenue of $836 million for the quarter. Ctrip.com International had a negative net margin of 11.48% and a negative return on equity of 3.28%. Ctrip.com International’s quarterly revenue was up 61.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 earnings per share. Analysts anticipate that Ctrip.com International Ltd. will post ($0.72) EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Daily Political and is the propert of of Daily Political. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece can be read at http://www.dailypolitical.com/2016/11/29/ctrip-com-international-ltd-ctrp-shares-bought-by-daiwa-securities-group-inc.html.

CTRP has been the subject of a number of research reports. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $55.00 price target on shares of Ctrip.com International in a research note on Thursday, August 18th. Brean Capital restated a “buy” rating on shares of Ctrip.com International in a research note on Tuesday, August 23rd. Morgan Stanley lifted their target price on Ctrip.com International from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, August 25th. Bank of America Corp. set a $53.00 target price on Ctrip.com International and gave the company a “buy” rating in a research note on Monday, August 29th. Finally, JPMorgan Chase & Co. started coverage on Ctrip.com International in a research note on Wednesday, August 31st. They issued an “overweight” rating and a $53.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $55.49.

Ctrip.com International Company Profile

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.

5 Day Chart for NASDAQ:CTRP

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 Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ctrip.com International Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.