Harding Loevner LP cut its stake in Ctrip.Com International Ltd (NASDAQ:CTRP) by 0.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,444,121 shares of the company’s stock after selling 30,243 shares during the period. Ctrip.Com International accounts for approximately 2.4% of Harding Loevner LP’s holdings, making the stock its 12th largest position. Harding Loevner LP owned about 1.47% of Ctrip.Com International worth $365,879,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of CTRP. Nippon Life Insurance Co. boosted its position in shares of Ctrip.Com International by 3.4% in the third quarter. Nippon Life Insurance Co. now owns 2,273 shares of the company’s stock valued at $106,000 after buying an additional 74 shares during the last quarter. Rathbone Brothers plc purchased a new position in shares of Ctrip.Com International during the first quarter valued at about $203,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Ctrip.Com International during the fourth quarter valued at about $220,000. Intellectus Partners LLC purchased a new position in shares of Ctrip.Com International during the fourth quarter valued at about $240,000. Finally, Capital One National Association purchased a new position in shares of Ctrip.Com International during the third quarter valued at about $303,000. 72.13% of the stock is owned by institutional investors and hedge funds.
Ctrip.Com International Ltd (NASDAQ:CTRP) traded up 0.55% during trading on Friday, reaching $47.28. The company’s stock had a trading volume of 1,384,774 shares. The company’s market capitalization is $24.76 billion. The company has a 50 day moving average price of $48.69 and a 200-day moving average price of $45.15. Ctrip.Com International Ltd has a 52 week low of $37.36 and a 52 week high of $50.77.
Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings data on Wednesday, February 22nd. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.20. Ctrip.Com International had a negative net margin of 11.48% and a negative return on equity of 3.17%. The company earned $730 million during the quarter, compared to the consensus estimate of $720.91 million. During the same quarter last year, the firm posted $0.11 EPS. Equities research analysts anticipate that Ctrip.Com International Ltd will post $0.39 earnings per share for the current year.
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CTRP has been the subject of several research analyst reports. Zacks Investment Research upgraded Ctrip.Com International from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Monday, December 26th. Stifel Nicolaus restated a “buy” rating and issued a $58.00 price objective (up from $56.00) on shares of Ctrip.Com International in a research note on Thursday, February 23rd. Instinet reiterated a “buy” rating and set a $61.00 price target on shares of Ctrip.Com International in a research report on Friday, February 24th. Sanford C. Bernstein started coverage on Ctrip.Com International in a research report on Wednesday, January 11th. They set a “market perform” rating and a $41.00 price target for the company. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $60.00 price target (up from $55.00) on shares of Ctrip.Com International in a research report on Friday, February 24th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $55.19.
About Ctrip.Com International
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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