Ctrip.com International, Ltd. (NASDAQ:CTRP) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 25,674,248 shares, a decrease of 5.9% from the July 31st total of 27,283,412 shares. Currently, 4.9% of the company’s stock are short sold. Based on an average daily volume of 4,263,282 shares, the short-interest ratio is presently 6.0 days.

Ctrip.com International (NASDAQ CTRP) opened at 51.45 on Friday. The stock has a market capitalization of $26.73 billion, a P/E ratio of 735.00 and a beta of 1.71. Ctrip.com International has a 12 month low of $39.71 and a 12 month high of $60.65. The firm’s 50-day moving average is $55.45 and its 200 day moving average is $52.48.

Ctrip.com International (NASDAQ:CTRP) last released its earnings results on Wednesday, August 30th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.20 by $0.11. Ctrip.com International had a net margin of 0.95% and a return on equity of 0.29%. The business had revenue of $946.38 million for the quarter, compared to the consensus estimate of $929.55 million. During the same quarter in the previous year, the firm earned $0.02 EPS. The firm’s revenue for the quarter was up 42.5% on a year-over-year basis. On average, equities analysts anticipate that Ctrip.com International will post $1.05 earnings per share for the current year.

CTRP has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Ctrip.com International from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Stifel Nicolaus increased their price objective on shares of Ctrip.com International from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, May 11th. Cowen and Company dropped their price objective on shares of Ctrip.com International from $29.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, May 11th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $65.00 price objective (up from $60.00) on shares of Ctrip.com International in a research report on Friday, May 12th. Finally, Bank of America Corporation set a $64.00 target price on shares of Ctrip.com International and gave the company a “buy” rating in a research report on Friday, May 12th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $57.27.

Hedge funds have recently added to or reduced their stakes in the stock. Highstreet Asset Management Inc. acquired a new stake in Ctrip.com International during the second quarter valued at $121,000. Parallel Advisors LLC raised its stake 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 during the last quarter. Huntington National Bank raised its stake 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 during the last quarter. IFP Advisors Inc raised its stake 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 during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake 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 during the last quarter. Hedge funds and other institutional investors own 67.62% of the company’s stock.

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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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