A number of other brokerages have also commented on CTRP. Barclays dropped their price target on Ctrip.Com International from $45.00 to $41.00 and set an overweight rating for the company in a research note on Wednesday, September 11th. Morgan Stanley lowered Ctrip.Com International from an overweight rating to an equal weight rating and dropped their price target for the company from $43.00 to $35.00 in a research note on Tuesday, September 10th. Bank of America dropped their price target on Ctrip.Com International from $49.00 to $43.00 and set a buy rating for the company in a research note on Wednesday, September 11th. UBS Group set a $40.00 price target on Ctrip.Com International and gave the company a hold rating in a research note on Tuesday, September 10th. Finally, Zacks Investment Research lowered Ctrip.Com International from a buy rating to a hold rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $42.83.
Shares of CTRP traded up $1.14 during trading hours on Friday, reaching $34.93. 6,824,800 shares of the company’s stock traded hands, compared to its average volume of 3,979,754. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.24. Ctrip.Com International has a 12 month low of $25.00 and a 12 month high of $46.50. The firm’s 50 day simple moving average is $31.24 and its 200-day simple moving average is $35.29. The stock has a market cap of $18.69 billion, a PE ratio of 37.16, a price-to-earnings-growth ratio of 48.04 and a beta of 1.61.
Several hedge funds and other institutional investors have recently modified their holdings of CTRP. Assetmark Inc. raised its holdings in shares of Ctrip.Com International by 1,737.0% in the second quarter. Assetmark Inc. now owns 845 shares of the company’s stock worth $31,000 after buying an additional 799 shares during the period. Mizuho Securities Co. Ltd. purchased a new position in Ctrip.Com International during the 2nd quarter worth $44,000. Steward Partners Investment Advisory LLC increased its holdings in Ctrip.Com International by 22.7% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 2,700 shares of the company’s stock worth $79,000 after purchasing an additional 500 shares during the period. Westwood Holdings Group Inc. purchased a new position in Ctrip.Com International during the 2nd quarter worth $130,000. Finally, Advisor Group Inc. increased its holdings in Ctrip.Com International by 28.2% during the 2nd quarter. Advisor Group Inc. now owns 4,624 shares of the company’s stock worth $171,000 after purchasing an additional 1,018 shares during the period. Hedge funds and other institutional investors own 61.40% of the company’s stock.
Ctrip.Com International Company Profile
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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