Ctrip.com International Ltd. (CTRP) Posts Earnings Results, Beats Estimates By $0.06 EPS
Ctrip.com International Ltd. (NASDAQ:CTRP) issued its quarterly earnings data on Wednesday. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. The business earned $836 million during the quarter, compared to analyst estimates of $810.87 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 61.0% on a year-over-year basis. During the same quarter last year, the business earned $1.10 EPS.
Shares of Ctrip.com International (NASDAQ:CTRP) traded down 2.10% during trading on Wednesday, reaching $40.99. The company’s stock had a trading volume of 6,645,876 shares. Ctrip.com International has a one year low of $35.50 and a one year high of $55.60. The stock’s 50 day moving average is $44.59 and its 200 day moving average is $43.96.
Large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Ctrip.com International by 33.7% in the second quarter. FMR LLC now owns 6,724,072 shares of the company’s stock valued at $277,033,000 after buying an additional 1,693,794 shares during the period. BlackRock Fund Advisors increased its position in Ctrip.com International by 135.7% in the second quarter. BlackRock Fund Advisors now owns 4,056,685 shares of the company’s stock worth $167,135,000 after buying an additional 2,335,557 shares in the last quarter. BlackRock Group LTD increased its position in Ctrip.com International by 104.0% in the second quarter. BlackRock Group LTD now owns 3,997,250 shares of the company’s stock worth $164,686,000 after buying an additional 2,037,443 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Ctrip.com International by 146.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,934,919 shares of the company’s stock worth $162,119,000 after buying an additional 2,339,923 shares in the last quarter. Finally, FIL Ltd increased its position in Ctrip.com International by 38.0% in the second quarter. FIL Ltd now owns 3,300,578 shares of the company’s stock worth $135,984,000 after buying an additional 908,125 shares in the last quarter. 68.30% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on the stock. Credit Suisse Group AG assumed coverage on shares of Ctrip.com International in a report on Friday, September 2nd. They issued an “outperform” rating and a $58.00 price objective for the company. Vetr raised shares of Ctrip.com International from a “buy” rating to a “strong-buy” rating and set a $54.33 target price for the company in a research report on Tuesday, September 6th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $55.00 target price on shares of Ctrip.com International in a research report on Monday, September 5th. Brean Capital reissued a “buy” rating and set a $52.00 target price on shares of Ctrip.com International in a research report on Sunday, September 4th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and set a $53.00 target price (up previously from $50.00) on shares of Ctrip.com International in a research report on Saturday, September 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $55.81.
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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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