BidaskClub downgraded shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) from a buy rating to a hold rating in a research report report published on Wednesday morning.
A number of other brokerages also recently commented on CTRP. Zacks Investment Research downgraded shares of Ctrip.com International from a strong-buy rating to a hold rating in a research report on Tuesday, August 8th. Cowen and Company reaffirmed a buy rating and set a $60.00 price objective on shares of Ctrip.com International in a research report on Wednesday, July 19th. ValuEngine raised shares of Ctrip.com International from a sell rating to a hold rating in a research report on Friday, June 2nd. Stifel Nicolaus boosted 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 report on Thursday, May 11th. Finally, Instinet reaffirmed a buy rating and set a $64.00 price objective on shares of Ctrip.com International in a research report on Monday, May 15th. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $57.73.
Shares of Ctrip.com International (NASDAQ CTRP) opened at 52.48 on Wednesday. Ctrip.com International has a 52-week low of $39.71 and a 52-week high of $60.65.
A number of hedge funds have recently bought and sold shares of the company. Cookson Peirce & Co. Inc. acquired a new stake in Ctrip.com International during the second quarter valued at approximately $304,000. Wasatch Advisors Inc. increased its stake in Ctrip.com International by 34.6% in the second quarter. Wasatch Advisors Inc. now owns 932,776 shares of the company’s stock valued at $50,239,000 after buying an additional 239,632 shares in the last quarter. GRATRY & Co LLC increased its stake in Ctrip.com International by 2.5% in the second quarter. GRATRY & Co LLC now owns 6,100 shares of the company’s stock valued at $329,000 after buying an additional 150 shares in the last quarter. 1st Global Advisors Inc. acquired a new stake in Ctrip.com International during the second quarter valued at approximately $270,000. Finally, Grandeur Peak Global Advisors LLC increased its stake in Ctrip.com International by 8.4% in the second quarter. Grandeur Peak Global Advisors LLC now owns 131,950 shares of the company’s stock valued at $7,107,000 after buying an additional 10,175 shares in the last quarter. 66.43% of the stock is owned by institutional investors.
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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