Investors Buy Ctrip.com International Ltd. (CTRP) on Weakness
Investors bought shares of Ctrip.com International Ltd. (NASDAQ:CTRP) on weakness during trading hours on Monday. $22.73 million flowed into the stock on the tick-up and $15.06 million flowed out of the stock on the tick-down, for a money net flow of $7.67 million into the stock. Of all companies tracked, Ctrip.com International had the 11th highest net in-flow for the day. Ctrip.com International traded down ($0.30) for the day and closed at $47.14
Several brokerages recently issued reports on CTRP. Zacks Investment Research lowered shares of Ctrip.com International from a “hold” rating to a “sell” rating in a report on Thursday, May 5th. Vetr raised shares of Ctrip.com International from a “buy” rating to a “strong-buy” rating and set a $52.22 price target on the stock in a report on Monday, May 16th. Brean Capital reaffirmed a “buy” rating on shares of Ctrip.com International in a report on Tuesday, May 17th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of Ctrip.com International in a report on Thursday, June 2nd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $60.00 price target on shares of Ctrip.com International in a report on Friday, June 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. Ctrip.com International currently has a consensus rating of “Buy” and a consensus price target of $54.65.
The company has a market cap of $21.34 billion and a P/E ratio of 105.93. The stock’s 50-day moving average price is $44.46 and its 200-day moving average price is $43.26.
Ctrip.com International (NASDAQ:CTRP) last announced its earnings results on Wednesday, June 15th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($3.62) by $3.71. Analysts expect that Ctrip.com International Ltd. will post ($0.62) earnings per share for the current fiscal year.
Several hedge funds and institutional investors have bought and sold shares of CTRP. Bank of Montreal Can increased its position in Ctrip.com International by 288.6% in the fourth quarter. Bank of Montreal Can now owns 231,216 shares of the company’s stock valued at $10,713,000 after buying an additional 171,710 shares during the period. BlackRock Advisors LLC increased its position in Ctrip.com International by 142.5% in the fourth quarter. BlackRock Advisors LLC now owns 304,389 shares of the company’s stock valued at $14,102,000 after buying an additional 178,855 shares during the period. Airain ltd acquired a new position in Ctrip.com International during the fourth quarter valued at approximately $1,104,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Ctrip.com International during the fourth quarter valued at approximately $1,737,000.
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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