Meridian Wealth Management LLC Buys New Stake in Ctrip.Com International Ltd (NASDAQ:CTRP)

Meridian Wealth Management LLC bought a new stake in Ctrip.Com International Ltd (NASDAQ:CTRP) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,890 shares of the company’s stock, valued at approximately $432,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FTB Advisors Inc. acquired a new stake in shares of Ctrip.Com International during the first quarter worth about $31,000. Parallel Advisors LLC acquired a new stake in shares of Ctrip.Com International during the fourth quarter worth about $32,000. Cornerstone Advisors Inc. lifted its position in shares of Ctrip.Com International by 255.7% during the first quarter. Cornerstone Advisors Inc. now owns 818 shares of the company’s stock worth $36,000 after purchasing an additional 588 shares in the last quarter. Lindbrook Capital LLC acquired a new stake in shares of Ctrip.Com International during the fourth quarter worth about $37,000. Finally, Trilogy Global Advisors LP lifted its position in shares of Ctrip.Com International by 63.6% during the fourth quarter. Trilogy Global Advisors LP now owns 1,429,184 shares of the company’s stock worth $39,000 after purchasing an additional 555,664 shares in the last quarter. 62.22% of the stock is currently owned by institutional investors.

Several brokerages have recently issued reports on CTRP. CICC Research raised shares of Ctrip.Com International from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. Zacks Investment Research cut shares of Ctrip.Com International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. BidaskClub cut shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Mizuho reissued a “hold” rating on shares of Ctrip.Com International in a research report on Tuesday, March 5th. Finally, Morgan Stanley raised shares of Ctrip.Com International from an “equal” rating to an “overweight” rating and raised their target price for the company from $32.00 to $43.00 in a report on Tuesday, March 5th. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $43.15.

NASDAQ:CTRP traded down $1.07 during mid-day trading on Friday, hitting $33.47. The stock had a trading volume of 4,850,719 shares, compared to its average volume of 4,686,734. The stock has a market cap of $18.10 billion, a price-to-earnings ratio of 35.61, a price-to-earnings-growth ratio of 2.38 and a beta of 1.61. Ctrip.Com International Ltd has a twelve month low of $25.00 and a twelve month high of $51.91. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.27.

Ctrip.Com International (NASDAQ:CTRP) last issued its earnings results on Wednesday, May 22nd. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.22. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Ctrip.Com International had a net margin of 14.70% and a return on equity of 3.61%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. On average, equities analysts anticipate that Ctrip.Com International Ltd will post 0.88 EPS for the current year.

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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.

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

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