Trade Report: Today, Ctrip.com International Ltd. (CTRP) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

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

Ctrip.com International Ltd. (NASDAQ:CTRP) announced its earnings results 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 return on equity of 0.91% and a net margin of 2.90%. The business had revenue of $836 million for the quarter. During the same quarter in the previous year, the company earned $1.10 earnings per share. The business’s revenue was up 61.0% on a year-over-year basis.

Ctrip.com International (NASDAQ:CTRP) traded up 11.722% during mid-day trading on Friday, hitting $45.795. The company’s stock had a trading volume of 9,504,115 shares. The stock has a market cap of $21.36 billion, a P/E ratio of 309.426 and a beta of 1.65. The company’s 50 day moving average is $44.59 and its 200-day moving average is $43.96. Ctrip.com International has a 52-week low of $35.50 and a 52-week high of $55.60.

Several hedge funds have recently modified their holdings of the company. Boston Common Asset Management LLC raised 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 in the last quarter. Nippon Life Insurance Co. raised its stake in Ctrip.com International by 3.4% in the third quarter. Nippon Life Insurance Co. now owns 2,273 shares of the company’s stock valued at $106,000 after buying an additional 74 shares in the last quarter. Capstone Asset Management Co. raised its stake in Ctrip.com International by 0.5% in the third quarter. Capstone Asset Management Co. now owns 22,257 shares of the company’s stock valued at $1,037,000 after buying an additional 120 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Ctrip.com International by 2.2% in the third quarter. Ameritas Investment Partners Inc. now owns 6,718 shares of the company’s stock valued at $313,000 after buying an additional 142 shares in the last quarter. Finally, American International Group Inc. raised its stake in Ctrip.com International by 0.7% in the third quarter. American International Group Inc. now owns 21,538 shares of the company’s stock valued at $1,003,000 after buying an additional 150 shares in the last quarter. 68.30% of the stock is owned by institutional investors.

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

About Ctrip.com International

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