Traders Buy Ctrip.Com International (CTRP) on Weakness
Traders bought shares of Ctrip.Com International Ltd (NASDAQ:CTRP) on weakness during trading on Thursday. $66.35 million flowed into the stock on the tick-up and $36.79 million flowed out of the stock on the tick-down, for a money net flow of $29.56 million into the stock. Of all companies tracked, Ctrip.Com International had the 31st highest net in-flow for the day. Ctrip.Com International traded down ($2.19) for the day and closed at $32.76
Several analysts have commented on the stock. BidaskClub lowered shares of Ctrip.Com International from a “buy” rating to a “hold” rating in a report on Saturday, June 23rd. Cowen restated a “buy” rating and issued a $51.00 price objective on shares of Ctrip.Com International in a report on Sunday, July 1st. Zacks Investment Research upgraded shares of Ctrip.Com International from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a report on Monday, June 25th. Barclays lowered their price objective on shares of Ctrip.Com International from $54.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, July 30th. Finally, ValuEngine lowered shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. Ctrip.Com International currently has an average rating of “Hold” and an average target price of $48.85.
The firm has a market cap of $17.72 billion, a PE ratio of 55.31, a P/E/G ratio of 1.79 and a beta of 1.76. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.35 and a current ratio of 1.35.
Several hedge funds have recently added to or reduced their stakes in CTRP. Dimensional Fund Advisors LP lifted its holdings in shares of Ctrip.Com International by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,017,610 shares of the company’s stock valued at $47,441,000 after purchasing an additional 99,519 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of Ctrip.Com International during the first quarter valued at approximately $234,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Ctrip.Com International by 28.1% during the first quarter. The Manufacturers Life Insurance Company now owns 460,704 shares of the company’s stock valued at $21,478,000 after purchasing an additional 101,053 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Ctrip.Com International by 1,257.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,691 shares of the company’s stock valued at $172,000 after purchasing an additional 3,419 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in shares of Ctrip.Com International during the first quarter valued at approximately $516,000. Hedge funds and other institutional investors own 66.56% of the company’s stock.
About Ctrip.Com International (NASDAQ:CTRP)
Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection and real-time flight status.
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