Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,204,193 shares of the company’s stock after acquiring an additional 12,813 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Ctrip.Com International were worth $44,760,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CTRP. Sumitomo Life Insurance Co. bought a new stake in shares of Ctrip.Com International during the 3rd quarter worth about $123,000. PNC Financial Services Group Inc. raised its position in shares of Ctrip.Com International by 174.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,750 shares of the company’s stock worth $179,000 after buying an additional 2,383 shares in the last quarter. 180 Wealth Advisors LLC bought a new stake in shares of Ctrip.Com International during the 2nd quarter worth about $201,000. Canandaigua National Bank & Trust Co. bought a new stake in shares of Ctrip.Com International in the 2nd quarter worth approximately $225,000. Finally, Zions Bancorporation bought a new stake in shares of Ctrip.Com International in the 2nd quarter worth approximately $232,000. 62.60% of the stock is owned by institutional investors.

CTRP has been the topic of a number of research reports. Benchmark dropped their target price on shares of Ctrip.Com International from $52.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, November 8th. BidaskClub upgraded shares of Ctrip.Com International from a “strong sell” rating to a “sell” rating in a report on Friday, November 2nd. Deutsche Bank set a $24.00 target price on shares of Ctrip.Com International and gave the stock a “hold” rating in a report on Thursday, November 8th. Oppenheimer reiterated a “buy” rating on shares of Ctrip.Com International in a report on Tuesday, November 13th. Finally, Barclays dropped 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 report on Monday, July 30th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Ctrip.Com International currently has a consensus rating of “Hold” and a consensus target price of $40.63.

Ctrip.Com International stock opened at $25.40 on Wednesday. The company has a market capitalization of $14.15 billion, a PE ratio of 43.05, a PEG ratio of 2.21 and a beta of 1.83. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.29. Ctrip.Com International Ltd has a fifty-two week low of $25.00 and a fifty-two week high of $51.91.

Ctrip.Com International (NASDAQ:CTRP) last released its earnings results on Wednesday, November 7th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.06. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Ctrip.Com International had a net margin of 9.73% and a return on equity of 4.78%. During the same period last year, the firm posted $0.41 earnings per share. On average, equities research analysts predict that Ctrip.Com International Ltd will post 0.74 earnings per share for the current fiscal year.

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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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