Ctrip.com International Target of Unusually High Options Trading (CTRP)

Ctrip.com International, Ltd. (NASDAQ:CTRP) saw unusually large options trading activity on Wednesday. Stock traders purchased 8,475 put options on the stock. This is an increase of 351% compared to the average daily volume of 1,880 put options.

Ctrip.com International (CTRP) traded down 1.08% on Friday, hitting $52.40. The stock had a trading volume of 7,014,990 shares. Ctrip.com International has a 12 month low of $39.71 and a 12 month high of $60.65. The company has a market cap of $27.56 billion, a PE ratio of 166.88 and a beta of 1.69. The company has a 50-day moving average of $53.64 and a 200 day moving average of $52.84.

Ctrip.com International (NASDAQ:CTRP) last issued its quarterly earnings results on Wednesday, August 30th. The 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 1.41% and a net margin of 4.56%. The firm had revenue of $946.38 million for the quarter, compared to analysts’ expectations of $929.55 million. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The firm’s revenue for the quarter was up 42.5% compared to the same quarter last year. On average, analysts predict that Ctrip.com International will post $0.87 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Baillie Gifford & Co. grew its holdings in Ctrip.com International by 4.1% in the 1st quarter. Baillie Gifford & Co. now owns 51,643,569 shares of the company’s stock valued at $2,538,282,000 after buying an additional 2,041,906 shares in the last quarter. Capital Research Global Investors grew its holdings in Ctrip.com International by 37.6% in the 2nd quarter. Capital Research Global Investors now owns 12,717,070 shares of the company’s stock valued at $684,941,000 after buying an additional 3,478,011 shares in the last quarter. Capital World Investors grew its holdings in Ctrip.com International by 20.5% in the 2nd quarter. Capital World Investors now owns 12,534,949 shares of the company’s stock valued at $675,132,000 after buying an additional 2,129,879 shares in the last quarter. WCM Investment Management CA grew its holdings in Ctrip.com International by 6.1% in the 2nd quarter. WCM Investment Management CA now owns 10,864,759 shares of the company’s stock valued at $585,176,000 after buying an additional 622,199 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Ctrip.com International by 3.1% in the 2nd quarter. Fisher Asset Management LLC now owns 10,122,535 shares of the company’s stock valued at $545,200,000 after buying an additional 302,795 shares in the last quarter. Institutional investors own 67.62% of the company’s stock.

Several equities research analysts recently issued reports on CTRP shares. ValuEngine raised shares of Ctrip.com International from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Ctrip.com International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research raised shares of Ctrip.com International from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective for the company in a report on Tuesday, July 11th. Cowen and Company reaffirmed a “buy” rating and set a $60.00 price objective on shares of Ctrip.com International in a report on Wednesday, July 19th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $62.00 price objective (down from $65.00) on shares of Ctrip.com International in a report on Friday, August 25th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $57.91.

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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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