AGF Investments Inc. Trims Holdings in Ctrip.com International, Ltd. (CTRP)

AGF Investments Inc. lowered its holdings in shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) by 99.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,550 shares of the company’s stock after selling 5,845,782 shares during the quarter. AGF Investments Inc.’s holdings in Ctrip.com International were worth $3,155,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Highstreet Asset Management Inc. bought a new stake in shares of Ctrip.com International in the 2nd quarter worth about $121,000. Parallel Advisors LLC increased its stake in Ctrip.com International by 13.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,057 shares of the company’s stock worth $123,000 after buying an additional 237 shares during the period. Huntington National Bank increased its stake in Ctrip.com International by 40.5% in the 2nd quarter. Huntington National Bank now owns 2,325 shares of the company’s stock worth $125,000 after buying an additional 670 shares during the period. IFP Advisors Inc increased its stake in Ctrip.com International by 6.7% in the 2nd quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock worth $136,000 after buying an additional 157 shares during the period. Finally, Benjamin F. Edwards & Company Inc. increased its stake in Ctrip.com International by 1.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,646 shares of the company’s stock worth $143,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 67.62% of the company’s stock.

A number of research analysts have commented on the stock. BidaskClub downgraded shares of Ctrip.com International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $62.00 price objective (down previously from $65.00) on shares of Ctrip.com International in a research report on Friday, August 25th. ValuEngine raised shares of Ctrip.com International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Cowen and Company restated a “buy” rating and set a $60.00 price objective on shares of Ctrip.com International in a research note on Wednesday, July 19th. Finally, KeyCorp restated a “hold” rating on shares of Ctrip.com International in a research note on Friday, September 1st. Five analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Ctrip.com International has an average rating of “Buy” and an average price target of $57.91.

Shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) opened at 52.40 on Friday. Ctrip.com International, Ltd. has a 1-year low of $39.71 and a 1-year high of $60.65. The stock has a market capitalization of $27.56 billion, a price-to-earnings ratio of 166.88 and a beta of 1.69. The company’s 50 day moving average is $53.64 and its 200-day moving average is $52.84.

Ctrip.com International (NASDAQ:CTRP) last posted its quarterly earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.11). The business had revenue of $946.38 million for 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 firm’s quarterly revenue was up 42.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share. Equities analysts anticipate that Ctrip.com International, Ltd. will post $0.87 earnings per share for the current fiscal year.

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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.

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

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