GUARDCAP ASSET MANAGEMENT Ltd Takes Position in Ctrip.Com International Ltd (CTRP)
GUARDCAP ASSET MANAGEMENT Ltd purchased a new position in Ctrip.Com International Ltd (NASDAQ:CTRP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 60,910 shares of the company’s stock, valued at approximately $2,686,000. Ctrip.Com International makes up approximately 1.1% of GUARDCAP ASSET MANAGEMENT Ltd’s portfolio, making the stock its 19th biggest holding.
Other institutional investors have also made changes to their positions in the company. Temasek Holdings Private Ltd increased its holdings in shares of Ctrip.Com International by 37.0% in the third quarter. Temasek Holdings Private Ltd now owns 7,256,928 shares of the company’s stock worth $382,730,000 after acquiring an additional 1,959,723 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Ctrip.Com International by 3.1% during the fourth quarter. BlackRock Inc. now owns 16,615,770 shares of the company’s stock worth $732,755,000 after buying an additional 497,017 shares in the last quarter. Eaton Vance Management bought a new position in shares of Ctrip.Com International during the fourth quarter worth about $489,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Ctrip.Com International by 7.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 113,863 shares of the company’s stock worth $6,005,000 after buying an additional 8,200 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Ctrip.Com International by 34.4% during the fourth quarter. First Trust Advisors LP now owns 520,422 shares of the company’s stock worth $22,951,000 after buying an additional 133,335 shares in the last quarter. Institutional investors own 69.25% of the company’s stock.
A number of research analysts recently issued reports on CTRP shares. Oppenheimer reiterated an “outperform” rating and set a $53.00 price objective on shares of Ctrip.Com International in a report on Friday, January 26th. JPMorgan Chase & Co. downgraded Ctrip.Com International from an “overweight” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Thursday, December 7th. BidaskClub downgraded Ctrip.Com International from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. Deutsche Bank started coverage on Ctrip.Com International in a report on Monday, February 5th. They set a “hold” rating and a $50.00 price objective for the company. Finally, TheStreet downgraded Ctrip.Com International from a “b” rating to a “c+” rating in a report on Monday, January 22nd. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $55.50.
Ctrip.Com International (NASDAQ:CTRP) last issued its quarterly earnings results on Wednesday, March 14th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Ctrip.Com International had a net margin of 8.00% and a return on equity of 2.64%. The company had revenue of $987.54 million for the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. equities analysts predict that Ctrip.Com International Ltd will post 0.52 EPS for the current fiscal year.
Ctrip.Com International 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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