After Abandoning Ship, Investors Are Pouring Back Into Ctrip.com International, Ltd. (CTRP)

As one would reasonably expect, some big names were leading the bulls’ herd. Silver Lake Partners, managed by Jim Davidson, Dave Roux, and Glenn Hutchins, initiated the largest position in Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP). Silver Lake Partners had $157.5 million invested in the holding at the end of the quarter. Ricky Sandler’s Eminence Capital also initiated an $85.6 million position during the quarter. The following funds were also among the new CTRP investors: Philippe Jabre’s Jabre Capital Partners, Ken Griffin’s Citadel Investment Group, and Noam Gottesman’s GLG Partners.

Let’s also examine hedge fund activity in other stocks similar to Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP). We will take a look at Equifax Inc. (NYSE:EFX), Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA), Genuine Parts Company (NYSE:GPC), and Northern Trust Corporation (NASDAQ:NTRS). This group of stocks’ market valuations resemble CTRP’s market valuation.

As you can see these stocks had an average of 31.75 hedge funds with bullish positions and the average amount invested in these stocks was $852 million. That figure was $2.41 billion in CTRP’s case. Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) is the most popular stock in this table. On the other hand Genuine Parts Company (NYSE:GPC) is the least popular one with only 23 bullish hedge fund positions. Compared to these stocks Ctrip.com International, Ltd. (ADR) (NASDAQ:CTRP) is more popular among hedge funds and has the most money invested in it. Considering that hedge funds are fond of this stock in relation to its market cap peers, and growing more confident, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None