Temasek Holdings Private LTD Lifted Its Ctrip Com Intl LTD (CTRP) Stake by $172.66 Million; Shares Rose

July 18, 2017 - By Marguerite Chambers

Temasek Holdings Private Ltd increased its stake in Ctrip Com Intl Ltd (CTRP) by 1264.3% based on its latest 2016Q4 regulatory filing with the SEC. Temasek Holdings Private Ltd bought 4.43 million shares as the company’s stock rose 23.06% with the market. The institutional investor held 4.78 million shares of the miscellaneous company at the end of 2016Q4, valued at $191.09M, up from 350,159 at the end of the previous reported quarter. Temasek Holdings Private Ltd who had been investing in Ctrip Com Intl Ltd for a number of months, seems to be bullish on the $29.86B market cap company. The stock decreased 1.11% or $0.64 during the last trading session, reaching $56.85. About shares traded. Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) has risen 31.59% since July 18, 2016 and is uptrending. It has outperformed by 14.89% the S&P500.

More notable recent Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) news were published by: Fool.com which released: “Ctrip.com International Ltd (ADR) Expands Margins, Looks Abroad” on February 23, 2017, also Benzinga.com with their article: “JPMorgan Declares Ctrip The Winner Of China’s Travel Market Consolidation” published on August 31, 2016, Fool.com published: “There’s a Lot Happening at Ctrip.com International Ltd (ADR) — and the Market …” on November 26, 2016. More interesting news about Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) were released by: Seekingalpha.com and their article: “Ctrip.com International’s (CTRP) CEO James Liang on Q3 2016 Results – Earnings …” published on November 24, 2016 as well as Fool.com‘s news article titled: “Ctrip.com International, Ltd. (ADR) Calms Investors’ Nerves” with publication date: June 17, 2016.

Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) Ratings Coverage

Among 16 analysts covering Ctrip.com International Ltd. (NASDAQ:CTRP), 15 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. Ctrip.com International Ltd. has $130 highest and $5 lowest target. $62.61’s average target is 10.13% above currents $56.85 stock price. Ctrip.com International Ltd. had 33 analyst reports since August 6, 2015 according to SRatingsIntel. HSBC upgraded the stock to “Buy” rating in Friday, November 25 report. The firm has “Buy” rating given on Thursday, March 17 by Brean Capital. The firm has “Buy” rating given on Friday, August 28 by Stifel Nicolaus. Credit Suisse initiated it with “Outperform” rating and $58 target in Friday, September 2 report. The company was maintained on Thursday, June 16 by Brean Capital. The firm has “Overweight” rating given on Thursday, August 6 by Morgan Stanley. The company was upgraded on Wednesday, October 7 by Bank of America. The stock of Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) earned “Buy” rating by Stifel Nicolaus on Thursday, November 19. The firm earned “Buy” rating on Tuesday, August 4 by Piper Jaffray. The stock of Ctrip.Com International Ltd (ADR) (NASDAQ:CTRP) has “Outperform” rating given on Wednesday, August 5 by Oppenheimer.

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