Ctrip.com International, Ltd. (NASDAQ:CTRP) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 27,602,495 shares, a drop of 10.2% from the October 13th total of 30,743,978 shares. Based on an average daily trading volume, of 6,170,576 shares, the short-interest ratio is currently 4.5 days. Approximately 5.4% of the company’s stock are short sold.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Ctrip.com International from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. TheStreet raised shares of Ctrip.com International from a “c+” rating to a “b” rating in a research note on Thursday, November 2nd. Benchmark Co. reduced their price objective on shares of Ctrip.com International from $58.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, November 2nd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $58.00 price objective (down previously from $62.00) on shares of Ctrip.com International in a research note on Tuesday, October 31st. Finally, Barclays PLC began coverage on shares of Ctrip.com International in a research note on Monday, October 9th. They issued an “overweight” rating and a $62.00 price objective for the company. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Ctrip.com International currently has an average rating of “Buy” and an average price target of $57.42.

Ctrip.com International (NASDAQ CTRP) opened at $45.30 on Wednesday. The company has a market cap of $23,855.39, a price-to-earnings ratio of 77.47 and a beta of 1.79. Ctrip.com International has a twelve month low of $39.71 and a twelve month high of $60.65. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40.

Ctrip.com International (NASDAQ:CTRP) last announced its earnings results on Wednesday, August 30th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.11). The firm had revenue of $946.38 million during the quarter, compared to the consensus estimate of $929.55 million. Ctrip.com International had a return on equity of 2.92% and a net margin of 8.92%. The business’s revenue was up 42.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 EPS. analysts expect that Ctrip.com International will post 0.45 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in CTRP. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Ctrip.com International by 1.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,646 shares of the company’s stock worth $143,000 after purchasing an additional 46 shares during the period. Baldwin Investment Management LLC increased its holdings in shares of Ctrip.com International by 2.0% during the 2nd quarter. Baldwin Investment Management LLC now owns 4,283 shares of the company’s stock worth $231,000 after purchasing an additional 85 shares during the period. Rathbone Brothers plc increased its holdings in shares of Ctrip.com International by 2.8% during the 2nd quarter. Rathbone Brothers plc now owns 4,255 shares of the company’s stock worth $229,000 after purchasing an additional 115 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Ctrip.com International by 0.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 14,281 shares of the company’s stock worth $769,000 after purchasing an additional 117 shares during the period. Finally, GRATRY & Co LLC increased its holdings in shares of Ctrip.com International by 2.5% during the 2nd quarter. GRATRY & Co LLC now owns 6,100 shares of the company’s stock worth $329,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 67.85% 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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