Nomura Asset Management Co. Ltd. decreased its holdings in Ctrip.Com International Ltd (NASDAQ:CTRP) by 24.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 56,508 shares of the company’s stock after selling 18,493 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Ctrip.Com International were worth $2,691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CTRP. CIBC Asset Management Inc raised its holdings in shares of Ctrip.Com International by 5.5% during the first quarter. CIBC Asset Management Inc now owns 25,914 shares of the company’s stock valued at $1,208,000 after acquiring an additional 1,342 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of Ctrip.Com International by 46.3% during the first quarter. IHT Wealth Management LLC now owns 4,633 shares of the company’s stock valued at $212,000 after acquiring an additional 1,467 shares during the last quarter. Duff & Phelps Investment Management Co. raised its holdings in shares of Ctrip.Com International by 0.9% during the first quarter. Duff & Phelps Investment Management Co. now owns 218,913 shares of the company’s stock valued at $10,190,000 after acquiring an additional 1,943 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Ctrip.Com International by 1.4% during the first quarter. Baird Financial Group Inc. now owns 175,884 shares of the company’s stock valued at $8,200,000 after acquiring an additional 2,357 shares during the last quarter. Finally, Sit Investment Associates Inc. raised its holdings in shares of Ctrip.Com International by 56.1% during the second quarter. Sit Investment Associates Inc. now owns 6,750 shares of the company’s stock valued at $322,000 after acquiring an additional 2,425 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

CTRP stock opened at $38.45 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $21.63 billion, a PE ratio of 65.17, a P/E/G ratio of 2.85 and a beta of 1.63. Ctrip.Com International Ltd has a 1 year low of $38.04 and a 1 year high of $56.46.

Ctrip.Com International (NASDAQ:CTRP) last posted its quarterly earnings results on Tuesday, May 22nd. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.44. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. Ctrip.Com International had a return on equity of 4.55% and a net margin of 11.40%. equities research analysts predict that Ctrip.Com International Ltd will post 0.88 EPS for the current fiscal year.

A number of equities analysts have commented on the company. UBS Group reduced their target price on Ctrip.Com International from $52.82 to $50.00 and set a “buy” rating for the company in a report on Monday, August 13th. ValuEngine cut Ctrip.Com International from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Zacks Investment Research cut Ctrip.Com International from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Barclays reduced their target price on Ctrip.Com International from $54.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, July 30th. Finally, BidaskClub cut Ctrip.Com International from a “sell” rating to a “strong sell” rating in a report on Friday, July 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $51.50.

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 and real-time flight status.

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

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