Wafra Investment Advisory Group Inc. NY Increases Stake in Ctrip.com International, Ltd. (CTRP)

Wafra Investment Advisory Group Inc. NY grew its stake in shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) by 10.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 187,735 shares of the company’s stock after purchasing an additional 18,161 shares during the period. Wafra Investment Advisory Group Inc. NY’s holdings in Ctrip.com International were worth $10,111,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC lifted its position in Ctrip.com International by 13.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,057 shares of the company’s stock valued at $123,000 after acquiring an additional 237 shares during the period. Highstreet Asset Management Inc. purchased a new position in Ctrip.com International during the 2nd quarter valued at about $121,000. Huntington National Bank lifted its position in Ctrip.com International by 40.5% during the 2nd quarter. Huntington National Bank now owns 2,325 shares of the company’s stock valued at $125,000 after acquiring an additional 670 shares during the period. IFP Advisors Inc lifted its position in Ctrip.com International by 6.7% during the 2nd quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock valued at $136,000 after acquiring an additional 157 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Ctrip.com International by 1.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,646 shares of the company’s stock valued at $143,000 after acquiring an additional 46 shares during the period. 67.60% of the stock is currently owned by hedge funds and other institutional investors.

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Ctrip.com International, Ltd. (NASDAQ:CTRP) traded down 2.03% on Tuesday, hitting $54.18. 2,272,366 shares of the stock traded hands. Ctrip.com International, Ltd. has a 12 month low of $39.71 and a 12 month high of $60.65.

Ctrip.com International (NASDAQ:CTRP) last announced its quarterly earnings data on Wednesday, August 30th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.11). The company had revenue of $946.38 million during the quarter, compared to analysts’ expectations of $929.55 million. Ctrip.com International had a net margin of 4.56% and a return on equity of 1.41%. The business’s revenue for the quarter was up 42.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share. Equities analysts anticipate that Ctrip.com International, Ltd. will post $0.85 EPS for the current fiscal year.

CTRP has been the subject of a number of recent research reports. Bank of America Corporation reissued a “buy” rating and set a $58.00 price target on shares of Ctrip.com International in a research report on Sunday, September 3rd. Cowen and Company reissued a “buy” rating and set a $60.00 price target on shares of Ctrip.com International in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Ctrip.com International from a “hold” rating to a “strong-buy” rating and set a $62.00 price target for the company in a research report on Tuesday, July 11th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $62.00 price target (down from $65.00) on shares of Ctrip.com International in a research report on Friday, August 25th. Finally, KeyCorp reissued a “hold” rating on shares of Ctrip.com International in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.25.

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

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