Traders Sell Shares of Ctrip.com International, Ltd. (CTRP) on Strength (CTRP)
Investors sold shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) on strength during trading on Wednesday. $3.36 million flowed into the stock on the tick-up and $8.35 million flowed out of the stock on the tick-down, for a money net flow of $4.99 million out of the stock. Of all equities tracked, Ctrip.com International had the 0th highest net out-flow for the day. Ctrip.com International traded up $0.09 for the day and closed at $50.39
CTRP has been the subject of several recent research reports. Instinet reaffirmed a “buy” rating and set a $64.00 target price on shares of Ctrip.com International in a report on Monday, May 15th. Daiwa Capital Markets reissued a “buy” rating and issued a $65.00 price target (up previously from $55.00) on shares of Ctrip.com International in a report on Sunday, May 14th. Bank of America Corporation set a $64.00 target price on shares of Ctrip.com International and gave the stock a “buy” rating in a research note on Friday, May 12th. Stifel Nicolaus lifted their target price on shares of Ctrip.com International from $58.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, May 11th. Finally, BidaskClub cut shares of Ctrip.com International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Ctrip.com International has an average rating of “Buy” and a consensus target price of $57.91.
The stock has a market capitalization of $26.62 billion, a price-to-earnings ratio of 731.86 and a beta of 1.69. The firm’s 50 day moving average is $54.64 and its 200-day moving average is $52.68.
Ctrip.com International (NASDAQ:CTRP) last issued its quarterly 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. Ctrip.com International had a net margin of 4.56% and a return on equity of 1.41%. The firm had revenue of $946.38 million during the quarter, compared to the consensus estimate of $929.55 million. During the same quarter last year, the firm posted $0.02 earnings per share. Ctrip.com International’s revenue was up 42.5% compared to the same quarter last year. On average, analysts predict that Ctrip.com International, Ltd. will post $0.88 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of CTRP. Janus Henderson Group PLC bought a new stake in shares of Ctrip.com International in the 2nd quarter valued at approximately $318,276,000. Capital Research Global Investors boosted its position in Ctrip.com International by 37.6% during the 2nd quarter. Capital Research Global Investors now owns 12,717,070 shares of the company’s stock valued at $684,941,000 after purchasing an additional 3,478,011 shares during the period. William Blair Investment Management LLC boosted its position in Ctrip.com International by 297.9% during the 1st quarter. William Blair Investment Management LLC now owns 4,083,783 shares of the company’s stock valued at $200,718,000 after purchasing an additional 3,057,546 shares during the period. Hillhouse Capital Management Ltd. boosted its position in Ctrip.com International by 140.6% during the 2nd quarter. Hillhouse Capital Management Ltd. now owns 4,812,246 shares of the company’s stock valued at $259,188,000 after purchasing an additional 2,812,246 shares during the period. Finally, Capital World Investors boosted its position in Ctrip.com International by 20.5% during the 2nd quarter. Capital World Investors now owns 12,534,949 shares of the company’s stock valued at $675,132,000 after purchasing an additional 2,129,879 shares during the period. Institutional investors and hedge funds own 67.62% of the company’s stock.
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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