Short Interest in Ctrip.com International Ltd. (CTRP) Expands By 7.4%
Ctrip.com International Ltd. (NASDAQ:CTRP) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 36,372,357 shares, an increase of 7.4% from the September 15th total of 33,854,891 shares. Currently, 7.3% of the company’s stock are short sold. Based on an average trading volume of 4,057,514 shares, the days-to-cover ratio is presently 9.0 days.
CTRP has been the subject of several research reports. Bank of America Corp. set a $53.00 price target on shares of Ctrip.com International and gave the stock a “buy” rating in a research note on Monday, August 29th. Credit Suisse Group AG assumed coverage on shares of Ctrip.com International in a research note on Friday, September 2nd. They set an “outperform” rating and a $58.00 price objective for the company. Nomura restated a “buy” rating and set a $57.00 price objective (up from $49.00) on shares of Ctrip.com International in a research note on Wednesday, September 7th. TheStreet lowered shares of Ctrip.com International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $55.00 price objective on shares of Ctrip.com International in a research note on Monday, September 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Ctrip.com International has a consensus rating of “Buy” and an average price target of $55.68.
Ctrip.com International (NASDAQ:CTRP) opened at 46.35 on Thursday. The firm’s 50-day moving average is $46.03 and its 200 day moving average is $44.26. Ctrip.com International has a one year low of $34.31 and a one year high of $57.36. The stock has a market cap of $21.62 billion, a P/E ratio of 306.95 and a beta of 1.47.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/short-interest-in-ctrip-com-international-ltd-ctrp-expands-by-7-4.html
Ctrip.com International (NASDAQ:CTRP) last posted its quarterly earnings data on Wednesday, August 31st. The company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.22. Ctrip.com International had a net margin of 2.90% and a return on equity of 0.91%. The firm had revenue of $664 million for the quarter, compared to the consensus estimate of $657.24 million. During the same quarter in the prior year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 62.9% compared to the same quarter last year. On average, analysts anticipate that Ctrip.com International will post ($0.73) EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of CTRP. Baillie Gifford & Co. increased its position in Ctrip.com International by 3.2% in the second quarter. Baillie Gifford & Co. now owns 32,863,456 shares of the company’s stock valued at $1,353,974,000 after buying an additional 1,017,414 shares during the period. State Street Corp increased its position in Ctrip.com International by 585.0% in the first quarter. State Street Corp now owns 18,645,595 shares of the company’s stock valued at $133,408,000 after buying an additional 15,923,490 shares during the period. Fisher Asset Management LLC increased its position in Ctrip.com International by 0.6% in the third quarter. Fisher Asset Management LLC now owns 9,877,999 shares of the company’s stock valued at $460,018,000 after buying an additional 63,110 shares during the period. WCM Investment Management CA increased its position in Ctrip.com International by 5.9% in the second quarter. WCM Investment Management CA now owns 8,974,704 shares of the company’s stock valued at $369,758,000 after buying an additional 497,359 shares during the period. Finally, Hillhouse Capital Management Ltd. increased its position in Ctrip.com International by 9.2% in the first quarter. Hillhouse Capital Management Ltd. now owns 8,162,855 shares of the company’s stock valued at $361,288,000 after buying an additional 687,169 shares during the period. Hedge funds and other institutional investors own 61.93% of the company’s stock.
About Ctrip.com International
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.
Receive News & Ratings for Ctrip.com International Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ctrip.com International Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.