Ctrip.com International Ltd. (NASDAQ:CTRP) fell 1.6% during mid-day trading on Wednesday . The company traded as low as $39.58 and last traded at $40.02, with a volume of 2,649,839 shares. The stock had previously closed at $40.66.

A number of brokerages recently issued reports on CTRP. Zacks Investment Research lowered Ctrip.com International from a “hold” rating to a “sell” rating in a research note on Thursday, May 5th. Vetr raised Ctrip.com International from a “hold” rating to a “buy” rating and set a $48.14 price target for the company in a research note on Monday, April 25th. Deutsche Bank AG reissued a “buy” rating and set a $60.00 price target on shares of Ctrip.com International in a research note on Friday, June 17th. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $55.00 price target on shares of Ctrip.com International in a research note on Thursday, June 16th. Finally, TheStreet lowered Ctrip.com International from a “buy” rating to a “hold” rating in a research note on Thursday, March 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.35.

The firm’s 50 day moving average is $41.81 and its 200-day moving average is $43.02. The stock has a market cap of $18.21 billion and a price-to-earnings ratio of 91.00.

Ctrip.com International (NASDAQ:CTRP) last posted its quarterly earnings results on Wednesday, June 15th. The company reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($3.62) by $3.71. Analysts forecast that Ctrip.com International Ltd. will post ($4.54) earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. raised its position in shares of Ctrip.com International by 140.2% in the fourth quarter. Baillie Gifford & Co. now owns 27,054,895 shares of the company’s stock valued at $1,253,453,000 after buying an additional 15,793,084 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of Ctrip.com International by 719.7% in the fourth quarter. OppenheimerFunds Inc. now owns 18,966,372 shares of the company’s stock valued at $878,712,000 after buying an additional 16,652,529 shares during the last quarter. WCM Investment Management CA raised its position in shares of Ctrip.com International by 7,865.6% in the fourth quarter. WCM Investment Management CA now owns 7,921,613 shares of the company’s stock valued at $367,009,000 after buying an additional 7,822,165 shares during the last quarter. Janus Capital Management raised its position in shares of Ctrip.com International by 4.7% in the third quarter. Janus Capital Management now owns 4,776,550 shares of the company’s stock valued at $150,891,000 after buying an additional 215,082 shares during the last quarter. Finally, Thornburg Investment Management Inc. raised its position in shares of Ctrip.com International by 55.2% in the fourth quarter. Thornburg Investment Management Inc. now owns 3,794,267 shares of the company’s stock valued at $175,789,000 after buying an additional 1,349,866 shares during the last quarter.

Ctrip.com International, Ltd. is a travel service provider for hotel accommodations, transportation ticketing services, packaged tours and corporate travel management in China. The Company aggregates hotel and flight information to enable business and leisure travelers to make informed bookings. The Company also helps customers book tour packages and guided tours.

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