Trilogy Global Advisors LP Has Raised Its Ctrip Com Intl LTD (CTRP) Stake by $9.79 Million

March 22, 2018 - By Hazel Jackson

Trilogy Global Advisors Lp increased its stake in Ctrip Com Intl Ltd (CTRP) by 16.84% based on its latest 2017Q3 regulatory filing with the SEC. Trilogy Global Advisors Lp bought 188,282 shares as the company’s stock rose 23.06% with the market. The institutional investor held 1.31M shares of the miscellaneous company at the end of 2017Q3, valued at $68.89 million, up from 1.12 million at the end of the previous reported quarter. Trilogy Global Advisors Lp who had been investing in Ctrip Com Intl Ltd for a number of months, seems to be bullish on the $25.24B market cap company. The stock decreased 2.59% or $1.28 during the last trading session, reaching $48.19. About 5.88 million shares traded or 14.64% up from the average. International, Ltd. (NASDAQ:CTRP) has risen 31.59% since March 22, 2017 and is uptrending. It has outperformed by 14.89% the S&P500.

Trilogy Global Advisors Lp, which manages about $14.31 billion and $1.58B US Long portfolio, decreased its stake in Hdfc Bank Ltd (NYSE:HDB) by 537,911 shares to 809,269 shares, valued at $77.99M in 2017Q3, according to the filing. It also reduced its holding in Vale S A (NYSE:VALE) by 376,719 shares in the quarter, leaving it with 3.07M shares, and cut its stake in Mastercard Incorporated (NYSE:MA). International, Ltd. (NASDAQ:CTRP) Ratings Coverage

Among 25 analysts covering International Ltd. (NASDAQ:CTRP), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. International Ltd. had 54 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating by JP Morgan given on Thursday, December 7. The rating was upgraded by Bank of America to “Buy” on Wednesday, October 7. The stock of International, Ltd. (NASDAQ:CTRP) earned “Buy” rating by Cowen & Co on Thursday, March 15. As per Friday, September 2, the company rating was initiated by Credit Suisse. Piper Jaffray maintained it with “Buy” rating and $91 target in Tuesday, August 4 report. Brean Capital maintained it with “Buy” rating and $56 target in Thursday, March 17 report. Oppenheimer maintained the stock with “Outperform” rating in Thursday, January 14 report. The firm has “Buy” rating by HSBC given on Friday, November 25. Oppenheimer maintained International, Ltd. (NASDAQ:CTRP) rating on Tuesday, October 27. Oppenheimer has “Outperform” rating and $110 target. The company was maintained on Thursday, August 25 by Morgan Stanley.

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