Ctrip.Com International (CTRP) Shares Gap Up to $38.53

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Shares of Ctrip.Com International Ltd (NASDAQ:CTRP) gapped up before the market opened on Friday . The stock had previously closed at $38.41, but opened at $38.53. Ctrip.Com International shares last traded at $38.67, with a volume of 224228 shares changing hands.

A number of brokerages have recently issued reports on CTRP. Zacks Investment Research cut shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. TH Capital raised shares of Ctrip.Com International from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Monday, May 21st. BidaskClub downgraded shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. UBS Group reduced their target price on shares of Ctrip.Com International from $52.82 to $50.00 and set a “buy” rating on the stock in a research note on Monday, August 13th. Finally, Wells Fargo & Co reduced their target price on shares of Ctrip.Com International from $46.00 to $42.00 and set a “market perform” rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $49.83.

The company has a market capitalization of $19.99 billion, a P/E ratio of 65.08, a PEG ratio of 2.25 and a beta of 1.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 1.40.

A number of hedge funds have recently bought and sold shares of the stock. Cambiar Investors LLC acquired a new position in shares of Ctrip.Com International in the 2nd quarter valued at about $194,177,000. Winslow Capital Management LLC lifted its position in Ctrip.Com International by 9,329,640.0% during the 2nd quarter. Winslow Capital Management LLC now owns 3,265,409 shares of the company’s stock worth $155,532,000 after acquiring an additional 3,265,374 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in Ctrip.Com International by 155.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,416,017 shares of the company’s stock worth $115,075,000 after acquiring an additional 1,471,464 shares in the last quarter. OppenheimerFunds Inc. lifted its position in Ctrip.Com International by 6.8% during the 2nd quarter. OppenheimerFunds Inc. now owns 19,665,726 shares of the company’s stock worth $936,679,000 after acquiring an additional 1,255,050 shares in the last quarter. Finally, Waddell & Reed Financial Inc. acquired a new position in Ctrip.Com International during the 2nd quarter worth approximately $34,339,000. 66.19% of the stock is currently owned by institutional investors.

Ctrip.Com International Company Profile (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 and real-time flight status.

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