Bridgewater Associates LP bought a new stake in Ctrip.Com International Ltd (NASDAQ:CTRP) in the second quarter, HoldingsChannel reports. The firm bought 26,658 shares of the company’s stock, valued at approximately $1,270,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Commonwealth Bank of Australia increased its position in Ctrip.Com International by 4.7% during the second quarter. Commonwealth Bank of Australia now owns 4,842,679 shares of the company’s stock worth $230,650,000 after purchasing an additional 219,297 shares during the last quarter. Greenwoods Asset Management Ltd increased its position in Ctrip.Com International by 608.9% during the second quarter. Greenwoods Asset Management Ltd now owns 217,000 shares of the company’s stock worth $10,336,000 after purchasing an additional 186,390 shares during the last quarter. Employees Retirement System of Texas increased its position in Ctrip.Com International by 92.2% during the second quarter. Employees Retirement System of Texas now owns 94,200 shares of the company’s stock worth $4,487,000 after purchasing an additional 45,200 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Ctrip.Com International by 42.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 31,222 shares of the company’s stock worth $1,487,000 after purchasing an additional 9,348 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Ctrip.Com International by 9.3% during the second quarter. Great West Life Assurance Co. Can now owns 255,511 shares of the company’s stock worth $12,176,000 after purchasing an additional 21,700 shares during the last quarter. Institutional investors and hedge funds own 66.19% of the company’s stock.

Shares of CTRP stock opened at $37.56 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.33. The stock has a market cap of $21.08 billion, a price-to-earnings ratio of 35.76, a P/E/G ratio of 2.37 and a beta of 1.85. Ctrip.Com International Ltd has a 1-year low of $36.93 and a 1-year high of $56.46.

Several research firms recently issued reports on CTRP. Zacks Investment Research cut shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. TH Capital upgraded shares of Ctrip.Com International from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Monday, May 21st. BidaskClub cut shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. UBS Group cut their price objective on shares of Ctrip.Com International from $52.82 to $50.00 and set a “buy” rating for the company in a research report on Monday, August 13th. Finally, Wells Fargo & Co cut their price objective on shares of Ctrip.Com International from $46.00 to $42.00 and set a “market perform” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. Ctrip.Com International has an average rating of “Hold” and a consensus price target of $49.83.

Ctrip.Com International Company Profile

Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection and real-time flight status.

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

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