Duquesne Family Office Has Decreased Its Ctrip Com Intl LTD (CTRP) Position as Stock Declined; Spo Advisory Holding in Equinix (EQIX) Has Upped by $236.04 Million

June 14, 2018 - By Peter Erickson

Equinix, Inc. (NASDAQ:REIT) Logo

Stanley Druckenmiller decreased its stake in Ctrip Com Intl Ltd (CTRP) by 58.06% based on its latest 2018Q1 regulatory filing with the SEC. Duquesne Family Office Llc sold 423,200 shares as the company’s stock declined 1.25% with the market. The hedge fund run by Stanley Druckenmiller held 305,700 shares of the miscellaneous company at the end of 2018Q1, valued at $14.25M, down from 728,900 at the end of the previous reported quarter. Duquesne Family Office Llc who had been investing in Ctrip Com Intl Ltd for a number of months, seems to be less bullish one the $ market cap company. The stock increased 1.79% or $0.9 during the last trading session, reaching $51.18. It is down 16.53% since June 14, 2017 and is downtrending. It has underperformed by 29.10% the S&P500. Some Historical CTRP News: 02/04/2018 – Ctrip Customized Travel Launches First Business Summit in Europe; 14/03/2018 – CTRIP 4Q ADJ EARNINGS PER ADS 24C, EST. 17C; 22/05/2018 – CORRECT: CTRIP 1Q ADJ EARNINGS PER ADS 55C, EST. 16C; 24/04/2018 – Ctrip and Boom Supersonic to Bring Supersonic Travel to China; 22/05/2018 – Ctrip.com Sees 2Q Net Revenue Growth at Year-on-Year Rate of Approximately 12%-17%; 14/03/2018 – CTRIP 4Q EARNINGS PER ADS 14C, EST. 17C; 14/03/2018 – CTRIP 4Q REV. $987.5M, EST. $1B; 22/05/2018 – Ctrip 1Q Adj EPS 55c; 15/03/2018 – Ctrip’s profit dragged down by regulations and rising competition; 22/05/2018 – CTRIP.COM INTERNATIONAL LTD – QTRLY DILUTED EARNINGS PER ADS WERE RMB1.81 (US$0.29)

John H. Scully increased its stake in Equinix Inc (EQIX) by 95.1% based on its latest 2018Q1 regulatory filing with the SEC. Spo Advisory Corp bought 564,700 shares as the company’s stock declined 1.56% with the market. The hedge fund run by John H. Scully held 1.16M shares of the consumer services company at the end of 2018Q1, valued at $484.40 million, up from 593,773 at the end of the previous reported quarter. Spo Advisory Corp who had been investing in Equinix Inc for a number of months, seems to be bullish on the $31.48B market cap company. The stock increased 0.88% or $3.46 during the last trading session, reaching $396.15. About 411,880 shares traded. Equinix, Inc. (NASDAQ:EQIX) has declined 12.79% since June 14, 2017 and is downtrending. It has underperformed by 25.36% the S&P500.

Since December 15, 2017, it had 0 insider buys, and 31 selling transactions for $32.23 million activity. VAN CAMP PETER sold $227,666 worth of Equinix, Inc. (NASDAQ:REIT) on Tuesday, February 27. Shares for $157,788 were sold by Meyers Charles J on Tuesday, May 15. $785,503 worth of Equinix, Inc. (NASDAQ:REIT) shares were sold by TAYLOR KEITH D. 2,110 shares valued at $822,167 were sold by Schwartz Eric on Tuesday, February 27. $568,345 worth of stock was sold by STROHMEYER KARL on Thursday, February 15. Lee Yau Tat sold $2.40 million worth of stock or 5,960 shares.

Among 24 analysts covering Equinix (NASDAQ:EQIX), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Equinix had 72 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 2 by Oppenheimer. As per Thursday, May 31, the company rating was maintained by Deutsche Bank. RBC Capital Markets maintained it with “Outperform” rating and $345 target in Monday, February 22 report. Wells Fargo maintained Equinix, Inc. (NASDAQ:REIT) on Thursday, February 15 with “Buy” rating. RBC Capital Markets maintained Equinix, Inc. (NASDAQ:REIT) rating on Tuesday, July 28. RBC Capital Markets has “Outperform” rating and $310 target. The firm has “Buy” rating by Oppenheimer given on Thursday, May 3. Jefferies downgraded the stock to “Hold” rating in Friday, July 15 report. As per Thursday, July 30, the company rating was maintained by Canaccord Genuity. The stock of Equinix, Inc. (NASDAQ:REIT) earned “Perform” rating by Oppenheimer on Monday, March 14. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, August 18 report.

Investors sentiment decreased to 1.27 in Q1 2018. Its down 0.06, from 1.33 in 2017Q4. It turned negative, as 49 investors sold EQIX shares while 162 reduced holdings. 77 funds opened positions while 192 raised stakes. 76.70 million shares or 3.56% more from 74.06 million shares in 2017Q4 were reported. Etrade Management Ltd Liability Co owns 1,821 shares for 0.02% of their portfolio. Dekabank Deutsche Girozentrale holds 105,036 shares or 0.3% of its portfolio. Whittier Tru Communications accumulated 240 shares or 0% of the stock. The Texas-based Bbva Compass National Bank & Trust has invested 0.07% in Equinix, Inc. (NASDAQ:REIT). Barton Invest invested in 40,066 shares or 3.82% of the stock. Livforsakringsbolaget Skandia Omsesidigt accumulated 0.02% or 1,350 shares. Sun Life Incorporated has invested 0% in Equinix, Inc. (NASDAQ:REIT). 2,520 were reported by Riverhead Mgmt Ltd Liability. Employees Retirement Sys Of Texas reported 12,475 shares stake. Toronto Dominion Savings Bank holds 0.05% of its portfolio in Equinix, Inc. (NASDAQ:REIT) for 51,740 shares. Prudential invested 0.06% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Bancorp Of The West has invested 0.12% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Northwestern Mutual Wealth Management Communications reported 253 shares or 0% of all its holdings. 2,237 were reported by Emerald Advisers Pa. Girard Prtnrs Ltd reported 0.24% stake.

Spo Advisory Corp, which manages about $4.86 billion US Long portfolio, decreased its stake in Zayo Group Hldgs Inc (NYSE:ZAYO) by 1.38M shares to 11.15M shares, valued at $380.93 million in 2018Q1, according to the filing. It also reduced its holding in Lpl Finl Hldgs Inc (NASDAQ:LPLA) by 518,700 shares in the quarter, leaving it with 6.44M shares, and cut its stake in Pioneer Nat Res Co (NYSE:PXD).

More notable recent Ctrip.com International, Ltd. (NASDAQ:CTRP) news were published by: Nasdaq.com which released: “iQIYI Announces Changes to Board Composition” on June 14, 2018, also Streetinsider.com with their article: “Ctrip (CTRP) Strengthens Relationship with Booking Holdings (BKNG), Expands Pact with Booking.com” published on June 11, 2018, Seekingalpha.com published: “Ctrip: Growth Continues To Slow” on May 23, 2018. More interesting news about Ctrip.com International, Ltd. (NASDAQ:CTRP) were released by: Seekingalpha.com and their article: “Spotlight On Gambling Reset And Banking Bill” published on May 19, 2018 as well as Globenewswire.com‘s news article titled: “Trip.com Hong Kong Launches Airport Transfer Car Service” with publication date: June 05, 2018.

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