Stifel Financial Corp Decreases Holdings in Ctrip.Com International Ltd (NASDAQ:CTRP)

Stifel Financial Corp lessened its holdings in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) by 66.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,161 shares of the company’s stock after selling 22,005 shares during the period. Stifel Financial Corp’s holdings in Ctrip.Com International were worth $296,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CTRP. BlackRock Inc. increased its stake in Ctrip.Com International by 37.9% in the fourth quarter. BlackRock Inc. now owns 24,957,149 shares of the company’s stock valued at $675,341,000 after purchasing an additional 6,861,461 shares in the last quarter. Coronation Fund Managers Ltd. increased its stake in Ctrip.Com International by 53.2% in the fourth quarter. Coronation Fund Managers Ltd. now owns 3,009,180 shares of the company’s stock valued at $81,429,000 after purchasing an additional 1,044,422 shares in the last quarter. Commonwealth Bank of Australia increased its stake in Ctrip.Com International by 17.1% in the fourth quarter. Commonwealth Bank of Australia now owns 5,451,109 shares of the company’s stock valued at $147,499,000 after purchasing an additional 796,671 shares in the last quarter. Ariose Capital Management Ltd bought a new stake in Ctrip.Com International in the fourth quarter valued at $19,835,000. Finally, Fisher Asset Management LLC increased its stake in Ctrip.Com International by 6.0% in the fourth quarter. Fisher Asset Management LLC now owns 10,229,173 shares of the company’s stock valued at $276,801,000 after purchasing an additional 574,975 shares in the last quarter. Institutional investors own 65.90% of the company’s stock.

CTRP traded down $0.63 during midday trading on Friday, reaching $40.00. The company had a trading volume of 4,841,600 shares, compared to its average volume of 4,848,257. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.27. The stock has a market cap of $21.98 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 1.93 and a beta of 1.52. Ctrip.Com International Ltd has a 12-month low of $25.00 and a 12-month high of $51.91.

Ctrip.Com International (NASDAQ:CTRP) last released its earnings results on Monday, March 4th. The company reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.19. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Ctrip.Com International had a net margin of 4.05% and a return on equity of 4.28%. As a group, sell-side analysts anticipate that Ctrip.Com International Ltd will post 1 earnings per share for the current year.

CTRP has been the subject of several research analyst reports. BidaskClub downgraded shares of Ctrip.Com International from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Morgan Stanley upgraded shares of Ctrip.Com International from an “equal” rating to an “overweight” rating and lifted their price objective for the company from $32.00 to $43.00 in a report on Tuesday, March 5th. Deutsche Bank upgraded shares of Ctrip.Com International from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday, March 5th. CLSA upgraded shares of Ctrip.Com International from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $31.00 to $42.00 in a report on Tuesday, March 5th. Finally, Benchmark reiterated a “buy” rating on shares of Ctrip.Com International in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $43.69.

ILLEGAL ACTIVITY WARNING: This article was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.baseballdailydigest.com/news/2019/05/10/ctrip-com-international-ltd-ctrp-position-reduced-by-stifel-financial-corp.html.

Ctrip.Com International Profile

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, express security check, and real-time flight status.

Further Reading: Stock Split

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

Receive News & Ratings for Ctrip.Com International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ctrip.Com International and related companies with MarketBeat.com's FREE daily email newsletter.