Oppenheimer Holdings, Inc. Reaffirms Outperform Rating for Ctrip.com International, Ltd. (CTRP)

Oppenheimer Holdings, Inc. reaffirmed their outperform rating on shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) in a research note issued to investors on Friday, May 12th. The brokerage currently has a $65.00 price target on the stock, up from their prior price target of $60.00.

Several other brokerages have also recently issued reports on CTRP. Stifel Nicolaus increased their target price on Ctrip.com International from $58.00 to $63.00 and gave the company a buy rating in a research report on Thursday, May 11th. Zacks Investment Research upgraded Ctrip.com International from a sell rating to a hold rating in a report on Wednesday, May 10th. Cowen and Company decreased their price objective on Ctrip.com International from $29.00 to $27.00 and set a neutral rating for the company in a report on Thursday, May 11th. Credit Suisse Group reiterated a buy rating on shares of Ctrip.com International in a report on Tuesday, April 4th. Finally, Benchmark Co. began coverage on Ctrip.com International in a report on Tuesday, April 18th. They set a buy rating and a $60.00 price objective for the company. Five analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $55.23.

Shares of Ctrip.com International (NASDAQ CTRP) traded up 0.57% during trading on Friday, hitting $52.94. The stock had a trading volume of 4,854,775 shares. The stock has a market capitalization of $27.50 billion, a price-to-earnings ratio of 778.53 and a beta of 1.57. The firm has a 50 day moving average price of $54.75 and a 200-day moving average price of $47.84. Ctrip.com International has a 52 week low of $37.36 and a 52 week high of $58.58.

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Several hedge funds have recently added to or reduced their stakes in the stock. Rafferty Asset Management LLC raised its stake in Ctrip.com International by 46.1% in the fourth quarter. Rafferty Asset Management LLC now owns 24,558 shares of the company’s stock valued at $982,000 after buying an additional 7,748 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Ctrip.com International during the fourth quarter worth about $220,000. Capital One National Association raised its stake in shares of Ctrip.com International by 25.2% in the first quarter. Capital One National Association now owns 8,161 shares of the company’s stock worth $401,000 after buying an additional 1,645 shares during the last quarter. Marietta Investment Partners LLC raised its stake in shares of Ctrip.com International by 10.9% in the third quarter. Marietta Investment Partners LLC now owns 176,605 shares of the company’s stock worth $8,224,000 after buying an additional 17,350 shares during the last quarter. Finally, DnB Asset Management AS raised its stake in shares of Ctrip.com International by 45.0% in the first quarter. DnB Asset Management AS now owns 371,038 shares of the company’s stock worth $18,237,000 after buying an additional 115,200 shares during the last quarter. 65.74% of the stock is currently owned by hedge funds and other institutional investors.

Ctrip.com International Company 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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