Short Interest in Ctrip.com International Ltd. (CTRP) Increases By 7.4%
Ctrip.com International Ltd. (NASDAQ:CTRP) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 36,372,357 shares, a growth of 7.4% from the September 15th total of 33,854,891 shares. Approximately 7.3% of the shares of the stock are sold short. Based on an average daily volume of 4,057,514 shares, the short-interest ratio is presently 9.0 days.
Hedge funds have recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its stake in Ctrip.com International by 41.1% in the first quarter. Glenmede Trust Co. NA now owns 10,784 shares of the company’s stock valued at $476,000 after buying an additional 3,142 shares in the last quarter. Commonwealth Equity Services Inc raised its position in shares of Ctrip.com International by 35.7% in the first quarter. Commonwealth Equity Services Inc now owns 14,398 shares of the company’s stock valued at $637,000 after buying an additional 3,790 shares during the last quarter. Aperio Group LLC raised its position in shares of Ctrip.com International by 25.6% in the first quarter. Aperio Group LLC now owns 54,934 shares of the company’s stock valued at $2,431,000 after buying an additional 11,192 shares during the last quarter. Ngam Advisors L.P. raised its position in shares of Ctrip.com International by 42.6% in the first quarter. Ngam Advisors L.P. now owns 57,020 shares of the company’s stock valued at $2,524,000 after buying an additional 17,021 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in shares of Ctrip.com International by 0.4% in the first quarter. Teachers Advisors Inc. now owns 247,567 shares of the company’s stock valued at $10,957,000 after buying an additional 1,050 shares during the last quarter. Institutional investors and hedge funds own 61.93% of the company’s stock.
Ctrip.com International (NASDAQ:CTRP) opened at 46.57 on Friday. Ctrip.com International has a 1-year low of $35.29 and a 1-year high of $57.36. The firm’s 50-day moving average is $46.05 and its 200-day moving average is $44.30. The company has a market capitalization of $21.72 billion, a P/E ratio of 308.41 and a beta of 1.47.
Ctrip.com International (NASDAQ:CTRP) last posted its quarterly earnings results on Wednesday, August 31st. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.22. The business earned $664 million during the quarter, compared to analysts’ expectations of $657.24 million. Ctrip.com International had a net margin of 2.90% and a return on equity of 0.91%. The firm’s quarterly revenue was up 62.9% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. Equities research analysts predict that Ctrip.com International will post ($0.73) EPS for the current year.
CTRP has been the topic of several recent research reports. Vetr raised shares of Ctrip.com International from a “hold” rating to a “buy” rating and set a $52.50 price target on the stock in a report on Wednesday, August 31st. Bank of America Corp. set a $53.00 price objective on shares of Ctrip.com International and gave the company a “buy” rating in a research report on Monday, August 29th. Morgan Stanley boosted their price objective on shares of Ctrip.com International from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, August 25th. Zacks Investment Research raised shares of Ctrip.com International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Finally, Credit Suisse Group AG initiated coverage on shares of Ctrip.com International in a research report on Friday, September 2nd. They issued an “outperform” rating and a $58.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Ctrip.com International currently has an average rating of “Buy” and a consensus target price of $55.68.
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 & Stock 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 stocks with our FREE daily email newsletter.