Barings LLC Buys Shares of 286,000 Ctrip.com International, Ltd. (CTRP)

Barings LLC bought a new stake in shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) during the first quarter, according to its most recent 13F filing with the SEC. The firm bought 286,000 shares of the company’s stock, valued at approximately $14,057,000. Barings LLC owned 0.06% of Ctrip.com International as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Rathbone Brothers plc bought a new stake in Ctrip.com International during the first quarter worth $203,000. Sit Investment Associates Inc. boosted its stake 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 worth $203,000 after buying an additional 500 shares during the last quarter. Baldwin Investment Management LLC bought a new stake in Ctrip.com International during the first quarter worth $206,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Ctrip.com International during the fourth quarter worth $220,000. Finally, Marathon Trading Investment Management LLC bought a new stake in Ctrip.com International during the first quarter worth $221,000. 65.80% of the stock is currently owned by hedge funds and other institutional investors.

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

Ctrip.com International, Ltd. (CTRP) traded up 0.28% during trading on Tuesday, reaching $54.07. 4,249,604 shares of the company were exchanged. The firm’s 50 day moving average is $54.85 and its 200 day moving average is $47.94. The stock has a market capitalization of $28.09 billion, a PE ratio of 795.15 and a beta of 1.57. Ctrip.com International, Ltd. has a 52-week low of $37.36 and a 52-week high of $58.58.

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A number of analysts have weighed in on the stock. Cowen and Company reissued an “outperform” rating and set a $60.00 price objective on shares of Ctrip.com International in a report on Monday, April 3rd. Instinet reissued a “buy” rating and set a $64.00 price objective on shares of Ctrip.com International in a report on Monday, May 15th. ValuEngine cut shares of Ctrip.com International from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. BidaskClub cut shares of Ctrip.com International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Finally, Stifel Nicolaus raised their price objective on shares of Ctrip.com International from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, May 11th. Five equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ctrip.com International presently has a consensus rating of “Buy” and an average 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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