Ctrip.com International, Ltd. (CTRP) Short Interest Down 3.9% in August
Ctrip.com International, Ltd. (NASDAQ:CTRP) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 24,666,039 shares, a drop of 3.9% from the August 15th total of 25,674,248 shares. Approximately 4.7% of the shares of the stock are short sold. Based on an average daily volume of 7,176,330 shares, the short-interest ratio is presently 3.4 days.
Hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its holdings in Ctrip.com International by 13.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,057 shares of the company’s stock valued at $123,000 after acquiring an additional 237 shares during the last quarter. Highstreet Asset Management Inc. acquired a new stake in Ctrip.com International in the 2nd quarter valued at about $121,000. Huntington National Bank raised its holdings in Ctrip.com International by 40.5% in the 2nd quarter. Huntington National Bank now owns 2,325 shares of the company’s stock valued at $125,000 after acquiring an additional 670 shares during the last quarter. IFP Advisors Inc raised its holdings in Ctrip.com International by 6.7% in the 2nd quarter. IFP Advisors Inc now owns 2,516 shares of the company’s stock valued at $136,000 after acquiring an additional 157 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Ctrip.com International by 1.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,646 shares of the company’s stock valued at $143,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 67.62% of the company’s stock.
Ctrip.com International (CTRP) opened at 52.97 on Friday. The company has a 50-day moving average price of $53.82 and a 200 day moving average price of $52.81. Ctrip.com International has a 52-week low of $39.71 and a 52-week high of $60.65.
Ctrip.com International (NASDAQ:CTRP) last released its quarterly earnings data on Wednesday, August 30th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.11). The business had revenue of $946.38 million during the quarter, compared to analyst estimates of $929.55 million. Ctrip.com International had a net margin of 4.56% and a return on equity of 1.41%. The firm’s revenue was up 42.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 EPS. Equities analysts expect that Ctrip.com International will post $0.87 earnings per share for the current fiscal year.
CTRP has been the subject of a number of research analyst reports. Bank of America Corporation restated a “buy” rating and set a $58.00 price objective on shares of Ctrip.com International in a research report on Sunday, September 3rd. Cowen and Company restated a “buy” rating and set a $60.00 price objective on shares of Ctrip.com International in a research report on Wednesday, July 19th. Zacks Investment Research upgraded Ctrip.com International from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective for the company in a research report on Tuesday, July 11th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $62.00 price objective (down previously from $65.00) on shares of Ctrip.com International in a research report on Friday, August 25th. Finally, BidaskClub lowered Ctrip.com International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $57.91.
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Ctrip.com International Company Profile
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.
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