Fernwood Investment Management LLC Lowers Stake in Ctrip.Com International Ltd (NASDAQ:CTRP)

Fernwood Investment Management LLC lowered its position in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) by 16.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,820 shares of the company’s stock after selling 2,750 shares during the quarter. Fernwood Investment Management LLC’s holdings in Ctrip.Com International were worth $510,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. lifted its holdings in Ctrip.Com International by 15.2% during the first quarter. BlackRock Inc. now owns 28,762,422 shares of the company’s stock valued at $1,256,629,000 after purchasing an additional 3,805,273 shares in the last quarter. FIL Ltd lifted its holdings in Ctrip.Com International by 0.6% during the first quarter. FIL Ltd now owns 4,826,866 shares of the company’s stock valued at $210,885,000 after purchasing an additional 30,010 shares in the last quarter. Krane Funds Advisors LLC raised its position in shares of Ctrip.Com International by 6.0% during the first quarter. Krane Funds Advisors LLC now owns 2,508,447 shares of the company’s stock valued at $109,594,000 after buying an additional 141,805 shares during the last quarter. Northern Trust Corp raised its position in shares of Ctrip.Com International by 1.6% during the first quarter. Northern Trust Corp now owns 2,487,763 shares of the company’s stock valued at $108,690,000 after buying an additional 38,458 shares during the last quarter. Finally, Kontiki Capital Management HK Ltd. raised its position in shares of Ctrip.Com International by 6.1% during the first quarter. Kontiki Capital Management HK Ltd. now owns 2,446,840 shares of the company’s stock valued at $106,902,000 after buying an additional 140,300 shares during the last quarter. 62.39% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently issued reports on CTRP. Zacks Investment Research cut shares of Ctrip.Com International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Credit Suisse Group upgraded shares of Ctrip.Com International from a “neutral” rating to an “outperform” rating and set a $37.20 price objective on the stock in a research report on Tuesday, July 16th. CICC Research upgraded shares of Ctrip.Com International from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. BidaskClub upgraded shares of Ctrip.Com International from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Finally, Jefferies Financial Group began coverage on shares of Ctrip.Com International in a research report on Monday, August 5th. They set a “buy” rating and a $47.50 price objective on the stock. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $42.51.

CTRP traded up $0.09 during trading hours on Thursday, hitting $32.22. The company’s stock had a trading volume of 106,671 shares, compared to its average volume of 3,432,611. The firm has a 50-day moving average of $37.18. Ctrip.Com International Ltd has a 12 month low of $25.00 and a 12 month high of $46.50. The firm has a market cap of $17.45 billion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 2.39 and a beta of 1.57. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27.

Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.22. Ctrip.Com International had a net margin of 14.70% and a return on equity of 3.61%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business posted $0.55 earnings per share. Ctrip.Com International’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities analysts predict that Ctrip.Com International Ltd will post 0.91 earnings per share for the current year.

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, 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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