Manning & Napier Advisors LLC Buys New Position in Ctrip.com International, Ltd. (CTRP)

Manning & Napier Advisors LLC purchased a new stake in Ctrip.com International, Ltd. (NASDAQ:CTRP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,290 shares of the company’s stock, valued at approximately $3,623,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTRP. Fox Run Management L.L.C. increased its position in Ctrip.com International by 4.2% in the first quarter. Fox Run Management L.L.C. now owns 7,400 shares of the company’s stock valued at $364,000 after buying an additional 300 shares during the last quarter. Capstone Asset Management Co. increased its position in Ctrip.com International by 4.0% in the first quarter. Capstone Asset Management Co. now owns 24,297 shares of the company’s stock valued at $1,194,000 after buying an additional 940 shares during the last quarter. Daiwa SB Investments Ltd. increased its position in Ctrip.com International by 12.4% in the first quarter. Daiwa SB Investments Ltd. now owns 47,000 shares of the company’s stock valued at $2,310,000 after buying an additional 5,200 shares during the last quarter. Bank of Montreal Can increased its position in Ctrip.com International by 158.6% in the first quarter. Bank of Montreal Can now owns 582,824 shares of the company’s stock valued at $28,646,000 after buying an additional 357,433 shares during the last quarter. Finally, WCM Investment Management CA increased its position in Ctrip.com International by 5.9% in the first quarter. WCM Investment Management CA now owns 10,242,560 shares of the company’s stock valued at $503,422,000 after buying an additional 571,614 shares during the last quarter. Institutional investors and hedge funds own 66.01% of the company’s stock.

Shares of Ctrip.com International, Ltd. (CTRP) opened at 53.85 on Friday. Ctrip.com International, Ltd. has a 1-year low of $39.71 and a 1-year high of $60.65.

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A number of research firms have recently commented on CTRP. Zacks Investment Research downgraded Ctrip.com International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Cowen and Company reiterated a “buy” rating and set a $60.00 target price on shares of Ctrip.com International in a research report on Wednesday, July 19th. ValuEngine upgraded Ctrip.com International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. 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. Finally, Instinet reiterated a “buy” rating and set a $64.00 target price on shares of Ctrip.com International in a research report on Monday, May 15th. Four analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $57.73.

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.

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

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