Today, Ctrip.com International Ltd. (CTRP) Releases Quarterly Earnings Results

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

Ctrip.com International (NASDAQ:CTRP) opened at 40.99 on Friday. Ctrip.com International has a 12-month low of $35.50 and a 12-month high of $55.60. The company has a market cap of $19.12 billion, a PE ratio of 276.96 and a beta of 1.65. The stock has a 50 day moving average of $44.59 and a 200-day moving average of $43.96.

Several large investors have recently added to or reduced their stakes in CTRP. Boston Common Asset Management LLC boosted its stake in Ctrip.com International by 0.4% in the second quarter. Boston Common Asset Management LLC now owns 14,075 shares of the company’s stock worth $580,000 after buying an additional 60 shares during the last quarter. Telemus Capital LLC boosted its stake in Ctrip.com International by 21.7% in the second quarter. Telemus Capital LLC now owns 6,618 shares of the company’s stock worth $273,000 after buying an additional 1,182 shares during the last quarter. TB Alternative Assets Ltd. raised its stake in shares of Ctrip.com International by 105.8% in the second quarter. TB Alternative Assets Ltd. now owns 1,135,900 shares of the company’s stock valued at $46,799,000 after buying an additional 584,000 shares during the period. Harding Loevner LP raised its stake in shares of Ctrip.com International by 3.6% in the second quarter. Harding Loevner LP now owns 6,633,324 shares of the company’s stock valued at $273,293,000 after buying an additional 228,112 shares during the period. Finally, Fis Group Inc. raised its stake in shares of Ctrip.com International by 114.5% in the second quarter. Fis Group Inc. now owns 61,779 shares of the company’s stock valued at $2,543,000 after buying an additional 32,976 shares during the period. Institutional investors own 68.30% of the company’s stock.

Several equities analysts have commented on the stock. HSBC upgraded shares of Ctrip.com International from a “hold” rating to a “buy” rating in a report on Friday. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $53.00 price objective (up from $50.00) on shares of Ctrip.com International in a report on Saturday, September 3rd. Brean Capital reiterated a “buy” rating on shares of Ctrip.com International in a report on Friday. TheStreet downgraded shares of Ctrip.com International from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $55.00 price target on shares of Ctrip.com International in a research note on Monday, September 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $55.81.

About Ctrip.com International

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