Traders Buy Ctrip.com International, Ltd. (CTRP) on Weakness
Investors purchased shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) on weakness during trading on Wednesday. $124.60 million flowed into the stock on the tick-up and $98.51 million flowed out of the stock on the tick-down, for a money net flow of $26.09 million into the stock. Of all equities tracked, Ctrip.com International had the 13th highest net in-flow for the day. Ctrip.com International traded down ($0.34) for the day and closed at $47.55
CTRP has been the subject of several recent analyst reports. Benchmark Co. reduced their price objective on shares of Ctrip.com International from $61.00 to $58.00 and set a “buy” rating for the company in a research note on Thursday, August 31st. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $62.00 price objective on shares of Ctrip.com International in a research note on Thursday, August 31st. Cowen and Company reiterated a “buy” rating and issued a $53.00 price objective (down previously from $60.00) on shares of Ctrip.com International in a research note on Monday, August 28th. BidaskClub cut shares of Ctrip.com International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $58.00 price objective on shares of Ctrip.com International in a research note on Sunday, September 3rd. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $57.92.
Ctrip.com International (NASDAQ:CTRP) last issued its quarterly earnings results 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 business had revenue of $946.38 million during the quarter, compared to analyst estimates of $929.55 million. During the same period in the previous year, the company posted $0.02 earnings per share. Ctrip.com International’s revenue was up 42.5% compared to the same quarter last year.
Hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE lifted its stake in Ctrip.com International by 19.8% during the second 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 stake in Ctrip.com International by 12.6% during the second 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 stake in Ctrip.com International during the first quarter valued at about $669,000. Intellectus Partners LLC lifted its stake in Ctrip.com International by 214.4% during the second 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 stake in Ctrip.com International by 2.8% during the second 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. 67.63% of the stock is owned by institutional investors.
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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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