Sensato Investors LLC Purchases Shares of 407,100 Ctrip.com International, Ltd. (CTRP)
Sensato Investors LLC purchased a new position in shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 407,100 shares of the company’s stock, valued at approximately $21,926,000. Ctrip.com International makes up approximately 5.5% of Sensato Investors LLC’s portfolio, making the stock its 4th largest position.
Other institutional investors also recently added to or reduced their stakes in the company. Highstreet Asset Management Inc. acquired a new position in Ctrip.com International during the 2nd quarter worth approximately $121,000. Parallel Advisors LLC lifted its position in Ctrip.com International by 13.0% during the 2nd quarter. Parallel Advisors LLC now owns 2,057 shares of the company’s stock worth $123,000 after acquiring an additional 237 shares in the last quarter. Huntington National Bank lifted its position in Ctrip.com International by 40.5% during the 2nd quarter. Huntington National Bank now owns 2,325 shares of the company’s stock worth $125,000 after acquiring an additional 670 shares in the last quarter. IFP Advisors Inc lifted its position in Ctrip.com International by 6.7% during the 2nd quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock worth $136,000 after acquiring an additional 157 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Ctrip.com International by 1.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,646 shares of the company’s stock worth $143,000 after acquiring an additional 46 shares in the last quarter. 67.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ctrip.com International, Ltd. (CTRP) traded up 0.96% during midday trading on Thursday, hitting $56.02. The stock had a trading volume of 1,258,479 shares. Ctrip.com International, Ltd. has a 12-month low of $39.71 and a 12-month high of $60.65.
Ctrip.com International (NASDAQ:CTRP) last posted its quarterly earnings results on Wednesday, August 30th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.11). The firm had revenue of $946.38 million during the quarter, compared to analyst estimates of $929.55 million. Ctrip.com International had a net margin of 4.56% and a return on equity of 1.41%. The company’s revenue was up 42.5% on a year-over-year basis. During the same period last year, the company earned $0.02 EPS. On average, analysts expect that Ctrip.com International, Ltd. will post $0.85 EPS for the current year.
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Several equities analysts recently commented on the company. BidaskClub lowered Ctrip.com International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $62.00 price target (down from $65.00) on shares of Ctrip.com International in a research report on Friday, August 25th. Cowen and Company reissued a “buy” rating and set a $60.00 price target on shares of Ctrip.com International in a research report on Wednesday, July 19th. KeyCorp reissued a “hold” rating on shares of Ctrip.com International in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded Ctrip.com International from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective on the stock in a report on Tuesday, July 11th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Ctrip.com International has a consensus rating of “Buy” and an average price target of $57.91.
About Ctrip.com International
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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