Sumitomo Life Insurance Co. acquired a new position in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,300 shares of the company’s stock, valued at approximately $123,000.

A number of other large investors also recently modified their holdings of CTRP. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Ctrip.Com International by 1,257.0% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,691 shares of the company’s stock valued at $172,000 after purchasing an additional 3,419 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Ctrip.Com International by 174.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,750 shares of the company’s stock valued at $179,000 after purchasing an additional 2,383 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Ctrip.Com International by 339.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 12,800 shares of the company’s stock valued at $181,000 after purchasing an additional 9,888 shares during the last quarter. 180 Wealth Advisors LLC bought a new position in shares of Ctrip.Com International in the 2nd quarter valued at about $201,000. Finally, Canandaigua National Bank & Trust Co. bought a new position in shares of Ctrip.Com International in the 2nd quarter valued at about $225,000. 66.56% of the stock is currently owned by hedge funds and other institutional investors.

CTRP has been the topic of several recent research reports. Zacks Investment Research lowered shares of Ctrip.Com International from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 9th. Barclays reduced their target price on shares of Ctrip.Com International from $54.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, July 30th. TheStreet lowered shares of Ctrip.Com International from a “b-” rating to a “c+” rating in a research note on Friday, August 17th. Cowen reaffirmed a “buy” rating and issued a $51.00 target price on shares of Ctrip.Com International in a research note on Sunday, July 1st. Finally, Bank of America reduced their target price on shares of Ctrip.Com International from $54.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, September 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.85.

Shares of NASDAQ:CTRP opened at $32.63 on Friday. The company has a market capitalization of $17.72 billion, a P/E ratio of 30.06, a PEG ratio of 1.79 and a beta of 1.76. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.35 and a current ratio of 1.35. Ctrip.Com International Ltd has a fifty-two week low of $32.36 and a fifty-two week high of $51.91.

Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings results on Wednesday, September 5th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.13. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.15 billion. Ctrip.Com International had a net margin of 18.11% and a return on equity of 4.74%. On average, analysts forecast that Ctrip.Com International Ltd will post 0.85 EPS for the current fiscal year.

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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