Investors bought shares of Ctrip.com International, Ltd. (NASDAQ:CTRP) on weakness during trading hours on Thursday following a weaker than expected earnings announcement. $265.43 million flowed into the stock on the tick-up and $172.55 million flowed out of the stock on the tick-down, for a money net flow of $92.88 million into the stock. Of all equities tracked, Ctrip.com International had the 3rd highest net in-flow for the day. Ctrip.com International traded down ($1.27) for the day and closed at $51.45The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.11. Ctrip.com International had a return on equity of 0.29% and a net margin of 0.95%. The company had revenue of $946.38 million during the quarter, compared to analysts’ expectations of $929.55 million. During the same period in the prior year, the business posted $0.02 earnings per share. The company’s revenue for the quarter was up 42.5% on a year-over-year basis.

A number of brokerages recently issued reports on CTRP. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $62.00 price target on shares of Ctrip.com International in a research report on Thursday. Benchmark Co. lowered their price target on shares of Ctrip.com International from $61.00 to $58.00 and set a “buy” rating for the company in a research report on Thursday. Cowen and Company reissued a “buy” rating and set a $53.00 price target (down from $60.00) on shares of Ctrip.com International in a research report on Monday. BidaskClub cut shares of Ctrip.com International from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research cut shares of Ctrip.com International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Five equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $57.27.

A number of hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio raised its stake in Ctrip.com International by 5.3% in the first quarter. Strs Ohio now owns 45,600 shares of the company’s stock worth $2,241,000 after buying an additional 2,300 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in Ctrip.com International by 46.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 125,328 shares of the company’s stock worth $6,160,000 after buying an additional 39,468 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Ctrip.com International by 2,487.1% in the first quarter. Canada Pension Plan Investment Board now owns 441,884 shares of the company’s stock worth $21,719,000 after buying an additional 424,804 shares in the last quarter. Jennison Associates LLC raised its stake in Ctrip.com International by 4.6% in the first quarter. Jennison Associates LLC now owns 10,698 shares of the company’s stock worth $526,000 after buying an additional 471 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Ctrip.com International by 10.5% in the first quarter. Great West Life Assurance Co. Can now owns 177,192 shares of the company’s stock worth $8,704,000 after buying an additional 16,856 shares in the last quarter. Institutional investors and hedge funds own 67.62% of the company’s stock.

The firm’s 50 day moving average price is $55.45 and its 200-day moving average price is $52.48. Ctrip.com International also was the target of some unusual options trading activity on Wednesday. Stock traders bought 8,475 put options on the stock. This is an increase of 351% compared to the average daily volume of 1,880 put options.

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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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