Ctrip.com International, Ltd. (CTRP) Announces Earnings Results
Ctrip.com International, Ltd. (NASDAQ:CTRP) announced its earnings results on Wednesday. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.11, Morningstar.com reports. The company had revenue of $946.38 million for the quarter, compared to analyst estimates of $929.55 million. Ctrip.com International had a net margin of 4.56% and a return on equity of 1.44%. Ctrip.com International’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 EPS.
Ctrip.com International (CTRP) opened at 51.45 on Friday. The company has a 50-day moving average price of $55.45 and a 200-day moving average price of $52.48. The firm has a market cap of $26.73 billion, a PE ratio of 735.00 and a beta of 1.71. Ctrip.com International has a one year low of $39.71 and a one year high of $60.65. Ctrip.com International also was the target of some unusual options trading activity on Wednesday. Traders bought 8,475 put options on the stock. This represents an increase of 351% compared to the typical daily volume of 1,880 put options.
Several institutional investors have recently bought and sold shares of the stock. Highstreet Asset Management Inc. bought a new position in Ctrip.com International during the second quarter valued at approximately $121,000. Parallel Advisors LLC boosted its position in Ctrip.com International by 13.0% in the second quarter. Parallel Advisors LLC now owns 2,057 shares of the company’s stock valued at $123,000 after buying an additional 237 shares in the last quarter. Huntington National Bank boosted its position in Ctrip.com International by 40.5% in the second quarter. Huntington National Bank now owns 2,325 shares of the company’s stock valued at $125,000 after buying an additional 670 shares in the last quarter. IFP Advisors Inc boosted its position in Ctrip.com International by 6.7% in the second quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock valued at $136,000 after buying an additional 157 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Ctrip.com International by 1.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,646 shares of the company’s stock valued at $143,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 67.62% of the company’s stock.
CTRP has been the topic of a number of analyst reports. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $62.00 target price (down previously from $65.00) on shares of Ctrip.com International in a report on Friday, August 25th. BidaskClub cut Ctrip.com International from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Stifel Nicolaus increased their target price on Ctrip.com International from $58.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, May 11th. Cowen and Company reiterated a “buy” rating and set a $60.00 target price on shares of Ctrip.com International in a report on Tuesday, August 22nd. Finally, ValuEngine upgraded Ctrip.com International from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $57.27.
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Ctrip.com International Company Profile
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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