Penserra Capital Management LLC cut its position in Ctrip.Com International Ltd (NASDAQ:CTRP) by 1.6% in the first quarter, HoldingsChannel reports. The firm owned 660,048 shares of the company’s stock after selling 10,761 shares during the quarter. Ctrip.Com International comprises about 2.3% of Penserra Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Penserra Capital Management LLC’s holdings in Ctrip.Com International were worth $28,836,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CTRP. BlackRock Inc. increased its stake in shares of Ctrip.Com International by 37.9% in the fourth quarter. BlackRock Inc. now owns 24,957,149 shares of the company’s stock worth $675,341,000 after purchasing an additional 6,861,461 shares in the last quarter. Norges Bank bought a new position in shares of Ctrip.Com International during the fourth quarter worth $120,953,000. RWC Asset Advisors US LLC bought a new position in shares of Ctrip.Com International during the fourth quarter worth $62,012,000. Harris Associates L P bought a new position in shares of Ctrip.Com International during the fourth quarter worth $41,020,000. Finally, Janus Henderson Group PLC bought a new position in shares of Ctrip.Com International during the first quarter worth $51,867,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

CTRP stock traded up $0.21 during trading on Wednesday, hitting $38.10. 1,343,335 shares of the company’s stock traded hands, compared to its average volume of 4,860,568. Ctrip.Com International Ltd has a 52 week low of $25.00 and a 52 week high of $51.91. 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 firm has a market capitalization of $19.85 billion, a P/E ratio of 40.53, a price-to-earnings-growth ratio of 1.60 and a beta of 1.52.

Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings data on Monday, March 4th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.19. Ctrip.Com International had a net margin of 4.05% and a return on equity of 4.28%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.04 billion. As a group, analysts anticipate that Ctrip.Com International Ltd will post 1 EPS for the current year.

A number of equities analysts recently weighed in on the stock. Barclays dropped their target price on shares of Ctrip.Com International from $48.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday. BidaskClub lowered shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Ctrip.Com International from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Mizuho upgraded shares of Ctrip.Com International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $35.00 to $55.00 in a research report on Monday, May 6th. Finally, Macquarie lowered shares of Ctrip.Com International from an “outperform” rating to a “neutral” rating in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $43.15.

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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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