Ctrip.Com International Ltd (NASDAQ:CTRP) shares gapped down prior to trading on Wednesday . The stock had previously closed at $37.16, but opened at $36.19. Ctrip.Com International shares last traded at $35.20, with a volume of 3428434 shares changing hands.

CTRP has been the subject of a number of analyst reports. ValuEngine downgraded shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. Deutsche Bank raised shares of Ctrip.Com International from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, March 5th. JPMorgan Chase & Co. raised shares of Ctrip.Com International from a “neutral” rating to an “overweight” rating and increased their price target for the company from $33.00 to $45.00 in a report on Tuesday, March 5th. Zacks Investment Research downgraded shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, CLSA raised shares of Ctrip.Com International from an “underperform” rating to a “buy” rating and increased their price target for the company from $31.00 to $42.00 in a report on Tuesday, March 5th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Ctrip.Com International currently has a consensus rating of “Buy” and an average target price of $43.15.

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $19.57 billion, a PE ratio of 37.45, a PEG ratio of 2.41 and a beta of 1.61.

Ctrip.Com International (NASDAQ:CTRP) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.22. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.20 billion. Ctrip.Com International had a net margin of 14.70% and a return on equity of 3.61%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. Equities analysts anticipate that Ctrip.Com International Ltd will post 0.88 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC increased its position in shares of Ctrip.Com International by 500.0% during the first quarter. Advisory Services Network LLC now owns 600 shares of the company’s stock worth $26,000 after acquiring an additional 500 shares during the period. FTB Advisors Inc. purchased a new position in shares of Ctrip.Com International during the first quarter worth approximately $31,000. Cornerstone Advisors Inc. increased its position in shares of Ctrip.Com International by 255.7% during the first quarter. Cornerstone Advisors Inc. now owns 818 shares of the company’s stock worth $36,000 after acquiring an additional 588 shares during the period. Parallel Advisors LLC purchased a new position in shares of Ctrip.Com International during the fourth quarter worth approximately $32,000. Finally, First Mercantile Trust Co. purchased a new position in shares of Ctrip.Com International during the fourth quarter worth approximately $35,000. 62.22% of the stock is owned by institutional investors and hedge funds.

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About Ctrip.Com International (NASDAQ:CTRP)

Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.

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