KEYWISE CAPITAL MANAGEMENT Ltd lowered its position in Ctrip.com International, Ltd. (NASDAQ:CTRP) by 30.6% during the second quarter, Holdings Channel reports. The fund owned 101,330 shares of the company’s stock after selling 44,600 shares during the period. Ctrip.com International comprises about 3.0% of KEYWISE CAPITAL MANAGEMENT Ltd’s portfolio, making the stock its 9th largest position. KEYWISE CAPITAL MANAGEMENT Ltd’s holdings in Ctrip.com International were worth $5,458,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its stake in Ctrip.com International by 1.2% in the first quarter. Fisher Asset Management LLC now owns 9,819,740 shares of the company’s stock worth $482,640,000 after buying an additional 120,646 shares during the period. Hamilton Lane Advisors LLC purchased a new stake in Ctrip.com International during the first quarter worth approximately $1,121,000. DnB Asset Management AS increased its stake 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 stake 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. Finally, Fox Run Management L.L.C. increased its stake 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. 65.87% of the stock is owned by hedge funds and other institutional investors.
Ctrip.com International, Ltd. (CTRP) opened at 59.73 on Tuesday. Ctrip.com International, Ltd. has a one year low of $39.71 and a one year high of $60.65.
A number of equities research analysts recently commented on the company. Cowen and Company reaffirmed a “buy” rating and set a $60.00 target price on shares of Ctrip.com International in a report on Wednesday, July 19th. ValuEngine raised Ctrip.com International from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Stifel Nicolaus lifted their target price on Ctrip.com International from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, May 11th. Zacks Investment Research raised Ctrip.com International from a “sell” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, Instinet reaffirmed a “buy” rating and set a $64.00 target price on shares of Ctrip.com International in a report 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. The stock has a consensus rating of “Buy” and a consensus 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.
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