Virtu Financial LLC bought a new stake in Ctrip.Com International Ltd (NASDAQ:CTRP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 24,363 shares of the company’s stock, valued at approximately $906,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Sumitomo Life Insurance Co. acquired a new stake in Ctrip.Com International in the 3rd quarter valued at approximately $123,000. PNC Financial Services Group Inc. increased its position in Ctrip.Com International by 174.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,750 shares of the company’s stock valued at $179,000 after acquiring an additional 2,383 shares during the period. 180 Wealth Advisors LLC acquired a new stake in Ctrip.Com International in the 2nd quarter valued at approximately $201,000. Canandaigua National Bank & Trust Co. acquired a new stake in Ctrip.Com International in the 2nd quarter valued at approximately $225,000. Finally, Zions Bancorporation acquired a new stake in Ctrip.Com International in the 2nd quarter valued at approximately $232,000. Hedge funds and other institutional investors own 64.85% of the company’s stock.
CTRP has been the topic of several analyst reports. BidaskClub cut Ctrip.Com International from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. Nomura cut Ctrip.Com International from a “buy” rating to a “neutral” rating and lowered their target price for the company from $49.00 to $36.00 in a research report on Friday, November 9th. CLSA cut Ctrip.Com International from an “outperform” rating to an “underperform” rating and set a $38.00 target price on the stock. in a research report on Thursday, November 8th. Oppenheimer restated a “buy” rating on shares of Ctrip.Com International in a research report on Tuesday, November 13th. Finally, Wells Fargo & Co lowered their target price on Ctrip.Com International from $46.00 to $42.00 and set a “market perform” rating on the stock in a research report on Thursday, September 6th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. Ctrip.Com International has an average rating of “Hold” and an average target price of $42.25.
Ctrip.Com International (NASDAQ:CTRP) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.06. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Ctrip.Com International had a return on equity of 4.78% and a net margin of 9.73%. During the same period last year, the company posted $0.41 EPS. Equities research analysts forecast that Ctrip.Com International Ltd will post 0.74 earnings per share for the current year.
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About Ctrip.Com International
Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection and real-time flight status.
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