Ctrip.com International, Ltd. (CTRP) Up On Q2 Results Beat; Hedge Funds Love The Stock

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How are hedge funds trading Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP)?

Based on the Insider Monkey database, OZ Management, led by Daniel S. Och, held the largest position in Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) at the end of the first quarter, owning 4.64 million shares worth $272.06 million. Coming in second is Lei Zhang of Hillhouse Capital Management, with a $249.7 million position held in 4.26 million shares. Some other members of the smart money with similar optimism consist of Andreas Halvorsen’s Viking Global, and Ken Fisher’s Fisher Asset Management.

Consequently, key money managers were leading the bulls’ herd. Hoplite Capital Management, managed by John Lykouretzos, established the biggest position in Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) in the first quarter with a $93.42 million position consisting of 1.59 million shares. Matthew Knauer and Mina Faltas’s Nokota Management also initiated a $46.96 million position, which contained call options underlying 801,000 shares. The following funds were also among the new Ctrip.com investors: Parag Vora’s HG Vora Capital Management, Dmitry Balyasny’s Balyasny Asset Management, and Michael Doheny’s Freshford Capital Management.

Due to the fact that hedge funds are increasingly going long on Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP), we also endorse buying the stock.

Disclosure: None

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