Seatown Holdings Pte. Ltd. acquired a new position in shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 428,100 shares of the company’s stock, valued at approximately $23,057,000. Ctrip.com International comprises approximately 3.2% of Seatown Holdings Pte. Ltd.’s holdings, making the stock its 11th largest position.

Several other institutional investors have also added to or reduced their stakes in CTRP. Huntington National Bank increased its position in Ctrip.com International by 40.5% in the second quarter. Huntington National Bank now owns 2,325 shares of the company’s stock worth $125,000 after buying an additional 670 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Ctrip.com International by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,646 shares of the company’s stock worth $143,000 after buying an additional 46 shares in the last quarter. IHT Wealth Management LLC increased its position in Ctrip.com International by 0.5% in the first quarter. IHT Wealth Management LLC now owns 3,202 shares of the company’s stock worth $157,000 after buying an additional 15 shares in the last quarter. IPG Investment Advisors LLC acquired a new position in Ctrip.com International during the second quarter worth about $215,000. Finally, Sit Investment Associates Inc. increased its position in Ctrip.com International by 13.8% in the first quarter. Sit Investment Associates Inc. now owns 4,125 shares of the company’s stock worth $203,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 65.87% of the company’s stock.

Shares of Ctrip.com International, Ltd. (CTRP) opened at 57.70 on Friday. Ctrip.com International, Ltd. has a 1-year low of $39.71 and a 1-year high of $60.65. The company has a market capitalization of $29.98 billion, a price-to-earnings ratio of 836.23 and a beta of 1.71.

TRADEMARK VIOLATION WARNING: “Seatown Holdings Pte. Ltd. Acquires New Stake in Ctrip.com International, Ltd. (CTRP)” was first reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/08/05/seatown-holdings-pte-ltd-acquires-new-stake-in-ctrip-com-international-ltd-ctrp.html.

A number of research firms have recently issued reports on CTRP. ValuEngine upgraded shares of Ctrip.com International from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Cowen and Company restated a “buy” rating and issued a $60.00 target price on shares of Ctrip.com International in a research note on Wednesday, July 19th. BidaskClub downgraded shares of Ctrip.com International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Instinet restated a “buy” rating and issued a $64.00 target price on shares of Ctrip.com International in a research note on Monday, May 15th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $65.00 target price (up from $60.00) on shares of Ctrip.com International in a research note on Friday, May 12th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Ctrip.com International currently has an average rating of “Buy” and an average target price of $57.73.

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.

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).

Institutional Ownership by Quarter for Ctrip.com International (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.