Millennium Management LLC Takes $31.81 Million Position in Ctrip.Com International Ltd (CTRP)

Millennium Management LLC acquired a new position in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 721,306 shares of the company’s stock, valued at approximately $31,810,000. Millennium Management LLC owned approximately 0.14% of Ctrip.Com International at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CTRP. Tybourne Capital Management HK Ltd. bought a new stake in Ctrip.Com International during the fourth quarter worth about $169,917,000. Temasek Holdings Private Ltd boosted its stake in Ctrip.Com International by 37.0% during the third quarter. Temasek Holdings Private Ltd now owns 7,256,928 shares of the company’s stock worth $382,730,000 after acquiring an additional 1,959,723 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in Ctrip.Com International by 98.9% during the third quarter. Commonwealth Bank of Australia now owns 3,764,700 shares of the company’s stock worth $192,436,000 after acquiring an additional 1,871,500 shares in the last quarter. Coronation Fund Managers Ltd. boosted its stake in Ctrip.Com International by 82.3% during the fourth quarter. Coronation Fund Managers Ltd. now owns 2,157,284 shares of the company’s stock worth $95,136,000 after acquiring an additional 973,718 shares in the last quarter. Finally, Green Court Capital Management Ltd bought a new stake in Ctrip.Com International during the third quarter worth about $43,434,000. 69.25% of the stock is currently owned by institutional investors and hedge funds.

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Ctrip.Com International stock opened at $46.76 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.51 and a debt-to-equity ratio of 0.34. Ctrip.Com International Ltd has a twelve month low of $42.65 and a twelve month high of $60.65. The firm has a market cap of $23,999.10, a P/E ratio of 82.04, a PEG ratio of 4.51 and a beta of 1.85.

Ctrip.Com International (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, March 14th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Ctrip.Com International had a net margin of 8.00% and a return on equity of 2.64%. The company had revenue of $987.54 million for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was up 35.3% on a year-over-year basis. analysts anticipate that Ctrip.Com International Ltd will post 0.52 EPS for the current fiscal year.

CTRP has been the topic of several research reports. TheStreet raised shares of Ctrip.Com International from a “c+” rating to a “b-” rating in a research note on Monday, March 12th. Oppenheimer reaffirmed a “buy” rating and issued a $53.00 target price on shares of Ctrip.Com International in a report on Tuesday, December 12th. BidaskClub raised shares of Ctrip.Com International from a “hold” rating to a “buy” rating in a report on Saturday, February 24th. Nomura lifted their target price on shares of Ctrip.Com International from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, March 19th. Finally, Deutsche Bank assumed coverage on shares of Ctrip.Com International in a report on Monday, February 5th. They issued a “hold” rating and a $50.00 target price for the company. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Ctrip.Com International presently has an average rating of “Buy” and a consensus price target of $55.50.

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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.

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

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