Trade Report: Today, Ctrip.com International Ltd. (CTRP) Issues Earnings Results

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

Ctrip.com International Ltd. (NASDAQ:CTRP) posted its earnings results on Wednesday. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ 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 period in the previous year, the firm earned $1.10 earnings per share. The company’s revenue was up 61.0% compared to the same quarter last year.

Ctrip.com International (NASDAQ:CTRP) traded up 9.81% during trading on Friday, reaching $45.01. 15,764,160 shares of the company traded hands. Ctrip.com International has a 52 week low of $35.50 and a 52 week high of $55.60. The firm has a market capitalization of $20.99 billion, a price-to-earnings ratio of 304.12 and a beta of 1.65. The company’s 50-day moving average price is $44.59 and its 200 day moving average price is $43.96.

A number of hedge funds 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 valued at $580,000 after buying an additional 60 shares during the period. 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 valued at $273,000 after buying an additional 1,182 shares during the period. TB Alternative Assets Ltd. boosted its stake in 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 boosted its stake in 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. boosted its stake in 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 and hedge funds own 68.30% of the company’s stock.

CTRP has been the topic of a number of analyst reports. Brean Capital reaffirmed a “buy” rating on shares of Ctrip.com International in a research note on Tuesday, August 23rd. HSBC raised shares of Ctrip.com International from a “hold” rating to a “buy” rating in a research note on Friday. TheStreet lowered shares of Ctrip.com International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $55.00 price objective on shares of Ctrip.com International in a research note on Thursday, August 18th. Finally, Zacks Investment Research lowered shares of Ctrip.com International from a “hold” rating to a “sell” rating in a research note on Tuesday, November 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.81.

Ctrip.com International Company Profile

Related posts

Leave a Comment