Today, Ctrip.com International Ltd. (CTRP) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Today, Ctrip.com International Ltd. (CTRP) Announces Quarterly  Earnings Results, Beats Estimates By $0.06 EPS
Ctrip.com International Ltd. (NASDAQ:CTRP) issued its quarterly earnings data on Wednesday. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.06. The firm earned $836 million during the quarter. Ctrip.com International had a net margin of 2.90% and a return on equity of 0.91%. The company’s revenue for the quarter was up 61.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share.

Shares of Ctrip.com International (NASDAQ:CTRP) opened at 40.99 on Friday. Ctrip.com International has a 1-year low of $35.50 and a 1-year high of $55.60. The stock’s 50 day moving average is $0.00 and its 200 day moving average is $0.00.

A number of equities research analysts have issued reports on the stock. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $55.00 price target on shares of Ctrip.com International in a report on Thursday, August 18th. Brean Capital restated a “buy” rating on shares of Ctrip.com International in a report on Tuesday, August 23rd. Morgan Stanley upped their price target on shares of Ctrip.com International from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, August 25th. Bank of America Corp. set a $53.00 price target on shares of Ctrip.com International and gave the company a “buy” rating in a report on Monday, August 29th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Ctrip.com International in a report on Wednesday, August 31st. They set an “overweight” rating and a $53.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Ctrip.com International presently has a consensus rating of “Buy” and an average price target of $55.81.

Several hedge funds have recently made changes to their positions in CTRP. AXA increased its stake in shares of Ctrip.com International by 23.3% in the first quarter. AXA now owns 10,584 shares of the company’s stock valued at $468,000 after buying an additional 2,000 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Ctrip.com International by 124.5% in the first quarter. Envestnet Asset Management Inc. now owns 60,702 shares of the company’s stock worth $2,687,000 after buying an additional 33,666 shares in the last quarter. Euclid Advisors LLC increased its stake in Ctrip.com International by 64.6% in the first quarter. Euclid Advisors LLC now owns 169,935 shares of the company’s stock worth $7,522,000 after buying an additional 66,679 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Ctrip.com International by 139.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,045,580 shares of the company’s stock worth $43,078,000 after buying an additional 609,284 shares in the last quarter. Finally, British Columbia Investment Management Corp increased its stake in Ctrip.com International by 151.1% in the second quarter. British Columbia Investment Management Corp now owns 76,600 shares of the company’s stock worth $3,156,000 after buying an additional 46,100 shares in the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

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