Alliancebernstein L.P. cut its holdings in shares of Ctrip.Com International Ltd (NASDAQ:CTRP) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,141,300 shares of the company’s stock after selling 64,060 shares during the quarter. Alliancebernstein L.P.’s holdings in Ctrip.Com International were worth $50,331,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of CTRP. Rational Advisors LLC bought a new position in shares of Ctrip.Com International in the third quarter worth approximately $111,000. Private Advisor Group LLC bought a new position in shares of Ctrip.Com International in the third quarter worth approximately $212,000. Dumac Inc. grew its holdings in shares of Ctrip.Com International by 92.8% in the fourth quarter. Dumac Inc. now owns 5,205 shares of the company’s stock worth $230,000 after purchasing an additional 2,505 shares during the last quarter. Bank Pictet & Cie Asia Ltd. bought a new position in shares of Ctrip.Com International in the third quarter worth approximately $234,000. Finally, Fieldpoint Private Securities LLC bought a new position in shares of Ctrip.Com International in the third quarter worth approximately $263,000. 69.28% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the stock. BidaskClub cut shares of Ctrip.Com International from a “sell” rating to a “strong sell” rating in a report on Thursday, January 25th. Oppenheimer reiterated a “buy” rating and issued a $53.00 price target on shares of Ctrip.Com International in a report on Tuesday, December 12th. Deutsche Bank started coverage on shares of Ctrip.Com International in a report on Monday, February 5th. They issued a “hold” rating and a $50.00 price target on the stock. Wells Fargo & Co started coverage on shares of Ctrip.Com International in a report on Tuesday, January 30th. They issued a “market perform” rating and a $50.00 price target on the stock. Finally, TH Capital cut shares of Ctrip.Com International from a “buy” rating to a “hold” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. Ctrip.Com International currently has a consensus rating of “Hold” and an average price target of $55.85.
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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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