Traders Buy Shares of Ctrip.com International Ltd. (CTRP) on Weakness
Traders purchased shares of Ctrip.com International Ltd. (NASDAQ:CTRP) on weakness during trading hours on Friday. $56.16 million flowed into the stock on the tick-up and $44.38 million flowed out of the stock on the tick-down, for a money net flow of $11.78 million into the stock. Of all companies tracked, Ctrip.com International had the 47th highest net in-flow for the day. Ctrip.com International traded down ($1.06) for the day and closed at $47.90
CTRP has been the subject of a number of recent research reports. Vetr raised Ctrip.com International from a “buy” rating to a “strong-buy” rating and set a $52.22 target price for the company in a research note on Monday, May 16th. Brean Capital reissued a “buy” rating on shares of Ctrip.com International in a research note on Tuesday, May 17th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Ctrip.com International in a research note on Thursday, June 2nd. Zacks Investment Research lowered Ctrip.com International from a “hold” rating to a “sell” rating in a research note on Thursday, June 16th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $60.00 target price on shares of Ctrip.com International in a research note on Friday, June 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $55.16.
The company has a 50-day moving average price of $45.08 and a 200 day moving average price of $43.44. The company has a market cap of $22.12 billion and a P/E ratio of 317.22.
Ctrip.com International (NASDAQ:CTRP) last released its quarterly earnings results on Wednesday, August 31st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.22. The firm earned $664 million during the quarter, compared to analysts’ expectations of $657.24 million. During the same period in the prior year, the firm posted $0.30 earnings per share. Ctrip.com International’s revenue for the quarter was up 62.9% compared to the same quarter last year. Equities analysts anticipate that Ctrip.com International Ltd. will post ($0.70) earnings per share for the current year.
A hedge fund recently raised its stake in Ctrip.com International stock. Bank of Montreal Can boosted its stake in Ctrip.com International Ltd. (NASDAQ:CTRP) by 288.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,216 shares of the company’s stock after buying an additional 171,710 shares during the period. Bank of Montreal Can owned about 0.08% of Ctrip.com International worth $10,713,000 at the end of the most recent reporting period.
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.