Connable Office Inc. Invests $1.16 Million in Ctrip.com International, Ltd. (NASDAQ:CTRP)

Connable Office Inc. bought a new position in Ctrip.com International, Ltd. (NASDAQ:CTRP) during the second quarter, Holdings Channel reports. The institutional investor bought 21,579 shares of the company’s stock, valued at approximately $1,162,000.

Other large investors have also recently bought and sold shares of the company. Baillie Gifford & Co. increased its stake in Ctrip.com International by 4.1% in the first quarter. Baillie Gifford & Co. now owns 51,643,569 shares of the company’s stock worth $2,538,282,000 after buying an additional 2,041,906 shares in the last quarter. Fisher Asset Management LLC increased its stake in Ctrip.com International by 3.1% in the second quarter. Fisher Asset Management LLC now owns 10,122,535 shares of the company’s stock worth $545,200,000 after buying an additional 302,795 shares in the last quarter. FMR LLC increased its stake in Ctrip.com International by 8.3% in the first quarter. FMR LLC now owns 10,095,100 shares of the company’s stock worth $496,175,000 after buying an additional 772,591 shares in the last quarter. FIL Ltd increased its stake in Ctrip.com International by 11.5% in the first quarter. FIL Ltd now owns 4,899,813 shares of the company’s stock worth $240,826,000 after buying an additional 505,886 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in Ctrip.com International by 43.8% in the first quarter. Schroder Investment Management Group now owns 4,636,039 shares of the company’s stock worth $230,365,000 after buying an additional 1,411,587 shares in the last quarter. Institutional investors own 66.01% of the company’s stock.

Ctrip.com International, Ltd. (CTRP) opened at 57.71 on Thursday. The stock’s 50 day moving average price is $56.56 and its 200-day moving average price is $51.53. The company has a market cap of $29.98 billion, a PE ratio of 836.38 and a beta of 1.71. Ctrip.com International, Ltd. has a 1-year low of $39.71 and a 1-year high of $60.65.

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A number of equities research analysts recently commented on CTRP shares. Stifel Nicolaus boosted their target price on Ctrip.com International from $58.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, May 11th. ValuEngine upgraded Ctrip.com International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Bank of America Corporation set a $64.00 target price on Ctrip.com International and gave the stock a “buy” rating in a research report on Friday, May 12th. Zacks Investment Research downgraded Ctrip.com International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $65.00 target price (up from $60.00) on shares of Ctrip.com International in a research report on Friday, May 12th. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $57.73.

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

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