Ctrip.Com International (NASDAQ:CTRP) Trading 5.7% Higher

Ctrip.Com International Ltd (NASDAQ:CTRP) traded up 5.7% during trading on Wednesday . The company traded as high as $36.60 and last traded at $36.12, 6,816,730 shares traded hands during mid-day trading. An increase of 53% from the average session volume of 4,461,765 shares. The stock had previously closed at $34.17.

A number of equities research analysts have recently commented on the stock. Morgan Stanley cut shares of Ctrip.Com International from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $43.00 to $35.00 in a research report on Tuesday. Cowen reiterated an “outperform” rating and issued a $40.00 target price (up from $36.00) on shares of Ctrip.Com International in a research report on Friday. BidaskClub upgraded shares of Ctrip.Com International from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Barclays reduced their target price on shares of Ctrip.Com International from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, UBS Group set a $40.00 target price on shares of Ctrip.Com International and gave the company a “hold” rating in a research report on Tuesday. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Ctrip.Com International presently has a consensus rating of “Buy” and a consensus price target of $41.68.

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s fifty day moving average is $34.53 and its 200-day moving average is $38.08. The stock has a market cap of $19.47 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 2.57 and a beta of 1.64.

Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings data on Monday, September 9th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. Ctrip.Com International had a net margin of 5.79% and a return on equity of 3.94%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Ctrip.Com International’s quarterly revenue was up 13.9% on a year-over-year basis. On average, sell-side analysts expect that Ctrip.Com International Ltd will post 0.89 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Grandeur Peak Global Advisors LLC grew its holdings in shares of Ctrip.Com International by 0.6% in the second quarter. Grandeur Peak Global Advisors LLC now owns 368,441 shares of the company’s stock valued at $13,599,000 after purchasing an additional 2,250 shares during the period. Wasatch Advisors Inc. boosted its stake in Ctrip.Com International by 3.8% during the first quarter. Wasatch Advisors Inc. now owns 1,580,300 shares of the company’s stock worth $69,043,000 after buying an additional 57,401 shares during the period. KBC Group NV boosted its stake in Ctrip.Com International by 29.0% during the second quarter. KBC Group NV now owns 141,538 shares of the company’s stock worth $5,224,000 after buying an additional 31,842 shares during the period. Kontiki Capital Management HK Ltd. boosted its stake in Ctrip.Com International by 6.1% during the first quarter. Kontiki Capital Management HK Ltd. now owns 2,446,840 shares of the company’s stock worth $106,902,000 after buying an additional 140,300 shares during the period. Finally, Bank of Montreal Can boosted its stake in Ctrip.Com International by 78.8% during the second quarter. Bank of Montreal Can now owns 1,107,919 shares of the company’s stock worth $40,893,000 after buying an additional 488,105 shares during the period. 62.56% of the stock is owned by hedge funds and other institutional investors.

Ctrip.Com International Company Profile (NASDAQ:CTRP)

Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.

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