Shell Asset Management Co. lowered its position in shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,551 shares of the company’s stock after selling 1,700 shares during the period. Shell Asset Management Co.’s holdings in Ctrip.com International were worth $4,608,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hamilton Lane Advisors LLC bought a new position in Ctrip.com International during the first quarter worth approximately $1,121,000. DnB Asset Management AS increased its position in Ctrip.com International by 45.0% in the first quarter. DnB Asset Management AS now owns 371,038 shares of the company’s stock worth $18,237,000 after buying an additional 115,200 shares during the period. Hillman Co. increased its position in Ctrip.com International by 18.7% in the first quarter. Hillman Co. now owns 601,219 shares of the company’s stock worth $29,550,000 after buying an additional 94,526 shares during the period. Fox Run Management L.L.C. increased its position in Ctrip.com International by 4.2% in the first quarter. Fox Run Management L.L.C. now owns 7,400 shares of the company’s stock worth $364,000 after buying an additional 300 shares during the period. Finally, Capstone Asset Management Co. increased its position in Ctrip.com International by 4.0% in the first quarter. Capstone Asset Management Co. now owns 24,297 shares of the company’s stock worth $1,194,000 after buying an additional 940 shares during the period. Hedge funds and other institutional investors own 65.87% of the company’s stock.
Shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) opened at 59.71 on Monday. Ctrip.com International, Ltd. has a 12-month low of $39.71 and a 12-month high of $60.65.
WARNING: “Ctrip.com International, Ltd. (NASDAQ:CTRP) Shares Sold by Shell Asset Management Co.” was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://stocknewstimes.com/2017/07/31/ctrip-com-international-ltd-nasdaqctrp-shares-sold-by-shell-asset-management-co.html.
A number of research firms have commented on CTRP. Cowen and Company reiterated a “buy” rating and set a $60.00 price objective on shares of Ctrip.com International in a research note on Wednesday, July 19th. ValuEngine upgraded shares of Ctrip.com International from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Stifel Nicolaus increased their price objective on shares of Ctrip.com International from $58.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, May 11th. Zacks Investment Research upgraded shares of Ctrip.com International from a “sell” rating to a “hold” rating in a research note on Wednesday, May 10th. Finally, Instinet reiterated a “buy” rating and set a $64.00 price objective on shares of Ctrip.com International in a research note on Monday, May 15th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Ctrip.com International presently has a consensus rating of “Buy” and an average price target of $57.73.
Ctrip.com International Company Profile
Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.
Want to see what other hedge funds are holding CTRP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ctrip.com International, Ltd. (NASDAQ:CTRP).
Receive News & Ratings for Ctrip.com International Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ctrip.com International Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.
