Traders bought shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) on weakness during trading hours on Thursday. $55.71 million flowed into the stock on the tick-up and $28.66 million flowed out of the stock on the tick-down, for a money net flow of $27.05 million into the stock. Of all equities tracked, Ctrip.com International had the 26th highest net in-flow for the day. Ctrip.com International traded down ($0.75) for the day and closed at $46.60
Several equities research analysts have recently issued reports on the company. Cowen and Company restated a “buy” rating and set a $53.00 price objective (down previously from $60.00) on shares of Ctrip.com International in a report on Monday, August 28th. Zacks Investment Research cut Ctrip.com International from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Bank of America Corporation restated a “buy” rating and set a $58.00 price objective on shares of Ctrip.com International in a report on Sunday, September 3rd. Barclays PLC initiated coverage on Ctrip.com International in a research report on Monday, October 9th. They issued an “overweight” rating and a $62.00 target price on the stock. Finally, BidaskClub lowered Ctrip.com International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $58.25.
The firm has a market capitalization of $24.79 billion, a P/E ratio of 148.21 and a beta of 1.69. The firm’s 50 day moving average is $52.56 and its 200 day moving average is $53.67.
Ctrip.com International (NASDAQ:CTRP) last released its earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.11). The firm had revenue of $946.38 million for the quarter, compared to analyst estimates of $929.55 million. Ctrip.com International had a return on equity of 1.41% and a net margin of 4.56%. The firm’s revenue was up 42.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. Analysts predict that Ctrip.com International, Ltd. will post $0.85 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. Parametrica Management Ltd lifted its position in Ctrip.com International by 1,281.1% during the 3rd quarter. Parametrica Management Ltd now owns 124,506 shares of the company’s stock worth $6,566,000 after acquiring an additional 115,491 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Ctrip.com International during the third quarter valued at about $1,254,000. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Ctrip.com International by 19.6% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 151,496 shares of the company’s stock valued at $7,989,000 after buying an additional 24,854 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of Ctrip.com International by 72.9% during the third quarter. Penserra Capital Management LLC now owns 269,338 shares of the company’s stock valued at $14,204,000 after buying an additional 113,572 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Ctrip.com International by 9.9% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 29,040 shares of the company’s stock valued at $1,532,000 after buying an additional 2,614 shares during the last quarter. 67.54% of the stock is owned by hedge funds and other institutional investors.
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About Ctrip.com International
Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.
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