Ctrip.Com International Ltd (NASDAQ:CTRP) Shares Sold by Fernwood Investment Management LLC

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Fernwood Investment Management LLC lessened its holdings in Ctrip.Com International Ltd (NASDAQ:CTRP) by 16.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,820 shares of the company’s stock after selling 2,750 shares during the period. Fernwood Investment Management LLC’s holdings in Ctrip.Com International were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CTRP. BlackRock Inc. increased its holdings in Ctrip.Com International by 15.2% in the 1st quarter. BlackRock Inc. now owns 28,762,422 shares of the company’s stock worth $1,256,629,000 after buying an additional 3,805,273 shares during the period. Acadian Asset Management LLC acquired a new position in Ctrip.Com International in the 1st quarter worth approximately $87,080,000. Artisan Partners Limited Partnership increased its holdings in Ctrip.Com International by 3,758.0% in the 1st quarter. Artisan Partners Limited Partnership now owns 1,871,417 shares of the company’s stock worth $81,762,000 after buying an additional 1,822,910 shares during the period. Janus Henderson Group PLC acquired a new position in Ctrip.Com International in the 1st quarter worth approximately $51,867,000. Finally, WT Asset Management Ltd acquired a new position in Ctrip.Com International in the 1st quarter worth approximately $7,683,000. Institutional investors own 62.39% of the company’s stock.

Several research firms have commented on CTRP. Jefferies Financial Group began coverage on Ctrip.Com International in a research report on Monday, August 5th. They issued a “buy” rating and a $47.50 price objective on the stock. BidaskClub upgraded Ctrip.Com International from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Zacks Investment Research lowered Ctrip.Com International from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. CICC Research upgraded Ctrip.Com International from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. Finally, Barclays lowered their price objective on Ctrip.Com International from $48.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 22nd. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $42.51.

Shares of NASDAQ:CTRP traded up $0.09 during midday trading on Thursday, reaching $32.22. 106,671 shares of the company’s stock traded hands, compared to its average volume of 3,432,611. Ctrip.Com International Ltd has a 1 year low of $25.00 and a 1 year high of $46.50. The stock has a market cap of $17.45 billion, a P/E ratio of 34.30, a P/E/G ratio of 2.39 and a beta of 1.57. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.14. The company has a fifty day simple moving average of $37.18.

Ctrip.Com International (NASDAQ:CTRP) last announced its earnings results on Wednesday, May 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.22. Ctrip.Com International had a return on equity of 3.61% and a net margin of 14.70%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm posted $0.55 EPS. The business’s revenue was up 12.8% on a year-over-year basis. On average, sell-side analysts forecast that Ctrip.Com International Ltd will post 0.91 earnings per share for the current fiscal year.

Ctrip.Com International Profile

Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.

Further Reading: Special Dividends

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).

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

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