Ctrip.com International, Ltd. (NASDAQ:CTRP)’s share price gapped down prior to trading on Friday . The stock had previously closed at $46.54, but opened at $49.80. Ctrip.com International shares last traded at $49.00, with a volume of 7,252,862 shares.

A number of brokerages recently weighed in on CTRP. BidaskClub downgraded shares of Ctrip.com International from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Zacks Investment Research downgraded shares of Ctrip.com International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. Cowen and Company restated a “buy” rating and issued a $60.00 price objective on shares of Ctrip.com International in a research note on Tuesday, August 22nd. Instinet restated a “buy” rating and issued a $61.00 price objective on shares of Ctrip.com International in a research note on Tuesday, September 5th. Finally, Benchmark Co. lowered their price objective on Ctrip.com International from $61.00 to $58.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the stock. Ctrip.com International currently has an average rating of “Buy” and an average target price of $58.25.

The firm’s 50 day moving average is $53.05 and its 200 day moving average is $53.74. The company has a market cap of $25.43 billion, a PE ratio of 152.04 and a beta of 1.69.

Ctrip.com International (NASDAQ:CTRP) last posted its quarterly earnings data 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 company had revenue of $946.38 million for the quarter, compared to analysts’ expectations of $929.55 million. During the same period in the previous year, the firm earned $0.02 earnings per share. The firm’s quarterly revenue was up 42.5% on a year-over-year basis. On average, equities analysts predict that Ctrip.com International, Ltd. will post $0.85 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. US Bancorp DE lifted its position in shares of Ctrip.com International by 19.8% during the 2nd quarter. US Bancorp DE now owns 37,531 shares of the company’s stock valued at $2,021,000 after buying an additional 6,208 shares in the last quarter. Hillman Co. lifted its position in shares of Ctrip.com International by 12.6% during the 2nd quarter. Hillman Co. now owns 677,052 shares of the company’s stock valued at $36,466,000 after buying an additional 75,833 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Ctrip.com International during the 1st quarter valued at about $669,000. Intellectus Partners LLC lifted its position in shares of Ctrip.com International by 214.4% during the 2nd quarter. Intellectus Partners LLC now owns 18,861 shares of the company’s stock valued at $1,016,000 after buying an additional 12,861 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Ctrip.com International by 2.8% during the 2nd quarter. Legal & General Group Plc now owns 743,142 shares of the company’s stock valued at $40,025,000 after buying an additional 20,299 shares in the last quarter. 67.53% of the stock is currently owned by hedge funds and other institutional investors.

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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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