Ctrip.com International, Ltd. (NASDAQ:CTRP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “Ctrip.com International, Ltd. is a leading travel service provider of hotel accommodations, airline tickets and packaged-tours in China. Ctrip aggregates information on hotels and flights and enables customers to make informed and cost-effective hotel and flight bookings. Ctrip targets primarily business and leisure travelers in China who do not travel in group. These travelers form a traditionally under-served yet fast-growing segment of the China travel industry. Ctrip has experienced substantial growth and become one of the best-known travel brands in China. “

Several other analysts have also recently issued reports on the company. Bank of America Corporation restated a “buy” rating and set a $58.00 price objective on shares of Ctrip.com International in a research note on Sunday, September 3rd. Cowen and Company reaffirmed a “buy” rating and set a $60.00 target price on shares of Ctrip.com International in a report on Wednesday, July 19th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $62.00 target price (down from $65.00) on shares of Ctrip.com International in a report on Friday, August 25th. KeyCorp reaffirmed a “hold” rating on shares of Ctrip.com International in a report on Friday, September 1st. Finally, Benchmark Co. lowered their target price on Ctrip.com International from $61.00 to $58.00 and set a “buy” rating for the company in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $58.25.

Ctrip.com International (NASDAQ CTRP) traded down 1.25% on Tuesday, reaching $54.61. The company had a trading volume of 3,684,443 shares. Ctrip.com International has a 12 month low of $39.71 and a 12 month high of $60.65. The stock has a 50 day moving average of $52.85 and a 200 day moving average of $53.58.

Ctrip.com International (NASDAQ:CTRP) last announced its quarterly earnings data on Wednesday, August 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.11). Ctrip.com International had a net margin of 4.56% and a return on equity of 1.41%. The firm had revenue of $946.38 million for the quarter, compared to analyst estimates of $929.55 million. During the same quarter in the previous year, the company earned $0.02 EPS. The company’s quarterly revenue was up 42.5% compared to the same quarter last year. On average, equities research analysts expect that Ctrip.com International will post $0.85 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of CTRP. UBS Asset Management Americas Inc. grew its holdings in Ctrip.com International by 10.1% in the 1st quarter. UBS Asset Management Americas Inc. now owns 771,564 shares of the company’s stock worth $37,922,000 after buying an additional 70,700 shares in the last quarter. American International Group Inc. grew its holdings in Ctrip.com International by 0.3% in the 1st quarter. American International Group Inc. now owns 23,512 shares of the company’s stock worth $1,156,000 after buying an additional 63 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Ctrip.com International by 42.1% in the 1st quarter. Neuberger Berman Group LLC now owns 121,325 shares of the company’s stock worth $5,963,000 after buying an additional 35,915 shares in the last quarter. Wellington Management Group LLP grew its holdings in Ctrip.com International by 1,025.3% in the 1st quarter. Wellington Management Group LLP now owns 363,610 shares of the company’s stock worth $17,871,000 after buying an additional 331,299 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in Ctrip.com International by 6.3% in the 1st quarter. Teachers Advisors LLC now owns 165,604 shares of the company’s stock worth $8,139,000 after buying an additional 9,800 shares in the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

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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