Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) by 61.1% during the second quarter, Holdings Channel reports. The firm owned 109,475 shares of the company’s stock after buying an additional 41,536 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Ctrip.Com International were worth $5,896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D increased its position in Ctrip.Com International by 46.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 125,328 shares of the company’s stock valued at $6,160,000 after buying an additional 39,468 shares during the period. Strs Ohio increased its position in Ctrip.Com International by 5.3% in the first quarter. Strs Ohio now owns 45,600 shares of the company’s stock valued at $2,241,000 after buying an additional 2,300 shares during the period. Sumitomo Life Insurance Co. increased its position in Ctrip.Com International by 137.2% in the first quarter. Sumitomo Life Insurance Co. now owns 10,200 shares of the company’s stock valued at $501,000 after buying an additional 5,900 shares during the period. 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 valued at $203,000 after buying an additional 500 shares during the period. Finally, Profund Advisors LLC increased its position in Ctrip.Com International by 15.1% in the first quarter. Profund Advisors LLC now owns 62,797 shares of the company’s stock valued at $3,086,000 after buying an additional 8,249 shares during the period. 66.01% of the stock is owned by institutional investors.

Shares of Ctrip.Com International Ltd (CTRP) opened at 54.55 on Friday. The firm has a market cap of $28.34 billion, a P/E ratio of 790.58 and a beta of 1.71. The firm has a 50-day moving average of $56.55 and a 200-day moving average of $51.55. Ctrip.Com International Ltd has a 12-month low of $39.71 and a 12-month high of $60.65.

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CTRP has been the topic of several analyst reports. Instinet reiterated a “buy” rating and set a $64.00 target price on shares of Ctrip.Com International in a research report on Monday, May 15th. Daiwa Capital Markets reissued a “buy” rating and set a $65.00 price target (up from $55.00) on shares of Ctrip.Com International in a report on Sunday, May 14th. Bank of America Corporation set a $64.00 price target on Ctrip.Com International and gave the company a “buy” rating in a report on Friday, May 12th. Stifel Nicolaus reissued a “buy” rating and set a $58.00 price target on shares of Ctrip.Com International in a report on Saturday, April 22nd. Finally, Benchmark Co. assumed coverage on Ctrip.Com International in a report on Tuesday, April 18th. They set a “buy” rating and a $60.00 price target on the stock. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock 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.

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

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