Gilder Gagnon Howe & Co. LLC Has $27.26 Million Stake in Ctrip.com International, Ltd. (CTRP)
Gilder Gagnon Howe & Co. LLC boosted its position in Ctrip.com International, Ltd. (NASDAQ:CTRP) by 60,508.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 506,079 shares of the company’s stock after buying an additional 505,244 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Ctrip.com International were worth $27,257,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Huntington National Bank raised its stake 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 during the period. IFP Advisors Inc raised its stake in Ctrip.com International by 6.7% in the second quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock worth $136,000 after buying an additional 157 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake 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 during the period. IHT Wealth Management LLC raised its stake 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 during the period. Finally, Rathbone Brothers plc purchased a new stake in Ctrip.com International during the first quarter worth $203,000. 66.01% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ctrip.com International, Ltd. (CTRP) opened at 57.91 on Tuesday. The stock has a market cap of $30.09 billion, a price-to-earnings ratio of 839.28 and a beta of 1.71. Ctrip.com International, Ltd. has a 52 week low of $39.71 and a 52 week high of $60.65.
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CTRP has been the topic of a number of analyst reports. Instinet reaffirmed a “buy” rating and set a $64.00 target price on shares of Ctrip.com International in a report on Monday, May 15th. Daiwa Capital Markets reissued a “buy” rating and issued a $65.00 price target (up previously from $55.00) on shares of Ctrip.com International in a research note on Sunday, May 14th. Bank of America Corporation set a $64.00 price target on shares of Ctrip.com International and gave the stock a “buy” rating in a research note on Friday, May 12th. Stifel Nicolaus reissued a “buy” rating and issued a $58.00 price target on shares of Ctrip.com International in a research note on Saturday, April 22nd. Finally, Benchmark Co. began coverage on shares of Ctrip.com International in a research note on Tuesday, April 18th. They issued a “buy” rating and a $60.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $57.73.
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.
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