Marathon Trading Investment Management LLC purchased a new stake in Ctrip.com International, Ltd. (NASDAQ:CTRP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,500 shares of the company’s stock, valued at approximately $221,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sit Investment Associates Inc. boosted its position in Ctrip.com International by 13.8% in the first quarter. Sit Investment Associates Inc. now owns 4,125 shares of the company’s stock valued at $203,000 after buying an additional 500 shares during the last quarter. Rathbone Brothers plc purchased a new position in shares of Ctrip.com International during the first quarter valued at $203,000. Baldwin Investment Management LLC purchased a new position in shares of Ctrip.com International during the first quarter valued at $206,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Ctrip.com International during the fourth quarter valued at approximately $220,000. Finally, GRATRY & Co LLC increased its stake in shares of Ctrip.com International by 9.4% in the first quarter. GRATRY & Co LLC now owns 5,950 shares of the company’s stock valued at $292,000 after buying an additional 510 shares in the last quarter. 65.80% of the stock is owned by institutional investors.
Shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) traded up 1.85% during mid-day trading on Monday, hitting $53.92. The stock had a trading volume of 3,914,893 shares. Ctrip.com International, Ltd. has a 1-year low of $37.36 and a 1-year high of $58.58. The company has a market cap of $28.01 billion, a P/E ratio of 792.94 and a beta of 1.57. The firm’s 50 day moving average price is $54.75 and its 200 day moving average price is $47.84.
CTRP has been the subject of several research analyst reports. Cowen and Company reissued an “outperform” rating and issued a $60.00 price objective on shares of Ctrip.com International in a research note on Monday, April 3rd. Instinet reaffirmed a “buy” rating and issued a $64.00 target price on shares of Ctrip.com International in a research report on Monday, May 15th. ValuEngine lowered Ctrip.com International from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. BidaskClub lowered Ctrip.com International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Stifel Nicolaus increased their price objective on Ctrip.com International from $58.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, May 11th. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $54.96.
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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