Nomura Holdings Inc. Reduces Position in Ctrip.com International, Ltd. (CTRP)

Nomura Holdings Inc. lowered its stake in Ctrip.com International, Ltd. (NASDAQ:CTRP) by 5.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 810,443 shares of the company’s stock after selling 50,906 shares during the quarter. Nomura Holdings Inc.’s holdings in Ctrip.com International were worth $43,667,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. IHT Wealth Management LLC boosted its holdings in Ctrip.com International by 0.5% in the first quarter. IHT Wealth Management LLC now owns 3,202 shares of the company’s stock worth $157,000 after purchasing an additional 15 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Ctrip.com International by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,646 shares of the company’s stock worth $143,000 after purchasing an additional 46 shares during the last quarter. American International Group Inc. boosted its holdings in Ctrip.com International by 0.3% in the first quarter. American International Group Inc. now owns 23,512 shares of the company’s stock worth $1,156,000 after purchasing an additional 63 shares during the last quarter. Baldwin Investment Management LLC boosted its holdings in Ctrip.com International by 2.0% in the second quarter. Baldwin Investment Management LLC now owns 4,283 shares of the company’s stock worth $231,000 after purchasing an additional 85 shares during the last quarter. Finally, Rathbone Brothers plc boosted its holdings in Ctrip.com International by 2.8% in the second quarter. Rathbone Brothers plc now owns 4,255 shares of the company’s stock worth $229,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 67.60% of the company’s stock.

Ctrip.com International, Ltd. (NASDAQ CTRP) traded down 2.03% on Tuesday, hitting $54.18. 2,272,767 shares of the company were exchanged. Ctrip.com International, Ltd. has a 52 week low of $39.71 and a 52 week high of $60.65.

Ctrip.com International (NASDAQ:CTRP) last announced its quarterly earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.11). Ctrip.com International had a return on equity of 1.41% and a net margin of 4.56%. The firm had revenue of $946.38 million for the quarter, compared to analysts’ expectations of $929.55 million. During the same period last year, the company posted $0.02 earnings per share. The business’s quarterly revenue was up 42.5% on a year-over-year basis. On average, equities analysts forecast that Ctrip.com International, Ltd. will post $0.85 earnings per share for the current year.

Several equities research analysts recently issued reports on the stock. Cowen and Company restated a “buy” rating and issued a $53.00 target price (down previously from $60.00) on shares of Ctrip.com International in a report on Monday, August 28th. Bank of America Corporation restated a “buy” rating and issued a $58.00 target price on shares of Ctrip.com International in a report on Sunday, September 3rd. BidaskClub cut shares of Ctrip.com International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Ctrip.com International from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a report on Tuesday, July 11th. Finally, Barclays PLC assumed coverage on shares of Ctrip.com International in a report on Monday. They issued an “overweight” rating and a $62.00 target price on the stock. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $58.25.

TRADEMARK VIOLATION WARNING: This piece was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.com-unik.info/2017/10/10/nomura-holdings-inc-reduces-position-in-ctrip-com-international-ltd-ctrp.html.

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.

Want to see what other hedge funds are holding CTRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ctrip.com International, Ltd. (NASDAQ:CTRP).

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

What are top analysts saying about Ctrip.com International Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ctrip.com International Ltd. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit