Great West Life Assurance Co. Can Raises Position in Ctrip.Com International Ltd (CTRP)

Great West Life Assurance Co. Can boosted its stake in Ctrip.Com International Ltd (NASDAQ:CTRP) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,474 shares of the company’s stock after buying an additional 6,716 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Ctrip.Com International were worth $10,678,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC purchased a new position in Ctrip.Com International in the 2nd quarter worth approximately $318,276,000. Capital Research Global Investors lifted its stake in Ctrip.Com International by 37.6% in the 2nd quarter. Capital Research Global Investors now owns 12,717,070 shares of the company’s stock worth $684,941,000 after purchasing an additional 3,478,011 shares in the last quarter. Hillhouse Capital Management Ltd. lifted its stake in Ctrip.Com International by 140.6% in the 2nd quarter. Hillhouse Capital Management Ltd. now owns 4,812,246 shares of the company’s stock worth $259,188,000 after purchasing an additional 2,812,246 shares in the last quarter. Capital World Investors lifted its stake in Ctrip.Com International by 20.5% in the 2nd quarter. Capital World Investors now owns 12,534,949 shares of the company’s stock worth $675,132,000 after purchasing an additional 2,129,879 shares in the last quarter. Finally, Commonwealth Bank of Australia purchased a new position in Ctrip.Com International in the 2nd quarter worth approximately $101,967,000. 68.44% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ctrip.Com International Ltd (CTRP) opened at $46.12 on Tuesday. Ctrip.Com International Ltd has a 1-year low of $39.71 and a 1-year high of $60.65. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a market cap of $23,773.28, a P/E ratio of 77.20 and a beta of 1.73.

A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Ctrip.Com International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Cowen restated a “buy” rating and set a $57.00 price target on shares of Ctrip.Com International in a report on Sunday, October 8th. Barclays assumed coverage on shares of Ctrip.Com International in a report on Monday, October 9th. They set an “overweight” rating and a $62.00 price target for the company. BidaskClub downgraded shares of Ctrip.Com International from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Finally, Oppenheimer restated a “buy” rating and set a $62.00 price target on shares of Ctrip.Com International in a report on Thursday, August 31st. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $57.82.

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Ctrip.Com International 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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