Ctrip.Com International (CTRP) Lowered to “Sell” at Zacks Investment Research

Ctrip.Com International (NASDAQ:CTRP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

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 equities research analysts also recently weighed in on CTRP. BidaskClub raised shares of Ctrip.Com International from a “strong sell” rating to a “sell” rating in a research report on Friday, December 22nd. Instinet reissued a “buy” rating and set a $61.00 price target on shares of Ctrip.Com International in a research report on Tuesday, September 5th. Oppenheimer reissued a “buy” rating and set a $53.00 price target on shares of Ctrip.Com International in a research report on Tuesday, December 12th. Benchmark reduced their price target on shares of Ctrip.Com International from $58.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. Finally, TheStreet raised shares of Ctrip.Com International from a “c+” rating to a “b” rating in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $56.33.

Shares of Ctrip.Com International (CTRP) traded up $0.53 on Wednesday, hitting $46.60. 5,753,837 shares of the company traded hands, compared to its average volume of 4,320,000. The company has a market capitalization of $24,400.00, a P/E ratio of 76.39 and a beta of 1.74. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40. Ctrip.Com International has a 12 month low of $40.40 and a 12 month high of $60.65.

A number of large investors have recently bought and sold shares of CTRP. Janus Henderson Group PLC bought a new stake in Ctrip.Com International in the 2nd quarter worth approximately $318,276,000. Capital Research Global Investors grew its position in Ctrip.Com International by 37.6% in the 2nd quarter. Capital Research Global Investors now owns 12,717,070 shares of the company’s stock worth $684,941,000 after purchasing an additional 3,478,011 shares during the period. Hillhouse Capital Management Ltd. grew its position in Ctrip.Com International by 140.6% in the 2nd quarter. Hillhouse Capital Management Ltd. now owns 4,812,246 shares of the company’s stock worth $259,188,000 after purchasing an additional 2,812,246 shares during the period. Capital World Investors grew its position in Ctrip.Com International by 20.5% in the 2nd quarter. Capital World Investors now owns 12,534,949 shares of the company’s stock worth $675,132,000 after purchasing an additional 2,129,879 shares during the period. Finally, Temasek Holdings Private Ltd grew its position in Ctrip.Com International by 37.0% in the 3rd quarter. Temasek Holdings Private Ltd now owns 7,256,928 shares of the company’s stock worth $382,730,000 after purchasing an additional 1,959,723 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

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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.

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