Harvest Fund Management Co. Ltd Acquires Shares of 723,869 Ctrip.com International, Ltd. (CTRP)

Harvest Fund Management Co. Ltd acquired a new position in Ctrip.com International, Ltd. (NASDAQ:CTRP) during the fourth quarter, Holdings Channel reports. The firm acquired 723,869 shares of the company’s stock, valued at approximately $28,955,000. Ctrip.com International comprises about 6.4% of Harvest Fund Management Co. Ltd’s investment portfolio, making the stock its 3rd largest position. Harvest Fund Management Co. Ltd owned 0.15% of Ctrip.com International at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CTRP. BP PLC raised its stake in shares of Ctrip.com International by 45.6% in the second quarter. BP PLC now owns 305,717 shares of the company’s stock worth $12,592,000 after buying an additional 95,717 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of Ctrip.com International by 181.6% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 32,100 shares of the company’s stock worth $1,328,000 after buying an additional 20,700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Ctrip.com International by 89.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 961,530 shares of the company’s stock worth $39,615,000 after buying an additional 454,091 shares during the last quarter. Shelton Capital Management raised its stake in shares of Ctrip.com International by 12.3% in the second quarter. Shelton Capital Management now owns 21,120 shares of the company’s stock worth $870,000 after buying an additional 2,315 shares during the last quarter. Finally, Pillar Pacific Capital Management LLC raised its stake in shares of Ctrip.com International by 0.9% in the second quarter. Pillar Pacific Capital Management LLC now owns 87,630 shares of the company’s stock worth $3,610,000 after buying an additional 775 shares during the last quarter. Hedge funds and other institutional investors own 72.13% of the company’s stock.

Institutional Ownership by Quarter for Ctrip.com International (NASDAQ:CTRP)

Shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) traded up 0.27% during mid-day trading on Tuesday, hitting $45.07. The stock had a trading volume of 7,140,219 shares. The stock’s market capitalization is $21.32 billion. Ctrip.com International, Ltd. has a 52 week low of $36.62 and a 52 week high of $49.62. The stock has a 50 day moving average of $42.88 and a 200-day moving average of $44.19.

Ctrip.com International (NASDAQ:CTRP) last released its earnings results on Wednesday, November 23rd. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.06. Ctrip.com International had a negative return on equity of 3.17% and a negative net margin of 11.48%. The business had revenue of $836 million for the quarter. During the same quarter in the previous year, the company posted $1.10 EPS. The business’s revenue was up 61.0% on a year-over-year basis. On average, equities research analysts predict that Ctrip.com International, Ltd. will post ($0.61) earnings per share for the current year.

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CTRP has been the subject of a number of research reports. Zacks Investment Research lowered Ctrip.com International from a “hold” rating to a “sell” rating in a research report on Tuesday, November 15th. HSBC Holdings plc upgraded Ctrip.com International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $46.00 to $53.00 in a research report on Friday, November 25th. Brean Capital reaffirmed a “buy” rating on shares of Ctrip.com International in a research note on Friday, November 25th. Credit Suisse Group reaffirmed a “buy” rating on shares of Ctrip.com International in a research note on Tuesday, November 29th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $55.00 price target on shares of Ctrip.com International in a research note on Wednesday, November 30th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ctrip.com International currently has a consensus rating of “Buy” and a consensus price target of $53.68.

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.

5 Day Chart for NASDAQ:CTRP

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).

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