Ctrip.Com International (CTRP) Downgraded by J P Morgan Chase & Co

Ctrip.Com International (NASDAQ:CTRP) was downgraded by J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research report issued on Thursday.

Several other equities analysts have also recently issued reports on CTRP. BidaskClub cut shares of Ctrip.Com International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 12th. Cowen reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Ctrip.Com International in a research note on Tuesday, August 22nd. Instinet reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Ctrip.Com International in a research note on Tuesday, September 5th. Oppenheimer reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Ctrip.Com International in a research note on Thursday, August 31st. Finally, Zacks Investment Research upgraded shares of Ctrip.Com International from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $57.82.

Ctrip.Com International (NASDAQ:CTRP) opened at $45.28 on Thursday. The stock has a market cap of $23,583.38, a P/E ratio of 76.58 and a beta of 1.73. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.40. Ctrip.Com International has a 52 week low of $39.71 and a 52 week high of $60.65.

Several hedge funds have recently bought and sold shares of CTRP. Capital Research Global Investors raised its position in Ctrip.Com International by 37.6% during the second quarter. Capital Research Global Investors now owns 12,717,070 shares of the company’s stock valued at $684,941,000 after acquiring an additional 3,478,011 shares in the last quarter. Capital World Investors raised its position in Ctrip.Com International by 20.5% during the second quarter. Capital World Investors now owns 12,534,949 shares of the company’s stock valued at $675,132,000 after acquiring an additional 2,129,879 shares in the last quarter. WCM Investment Management CA raised its position in Ctrip.Com International by 2.7% during the third quarter. WCM Investment Management CA now owns 11,161,060 shares of the company’s stock valued at $588,635,000 after acquiring an additional 296,301 shares in the last quarter. Temasek Holdings Private Ltd raised its position in Ctrip.Com International by 37.0% during the third quarter. Temasek Holdings Private Ltd now owns 7,256,928 shares of the company’s stock valued at $382,730,000 after acquiring an additional 1,959,723 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in Ctrip.Com International by 8.4% during the third quarter. Janus Henderson Group PLC now owns 6,405,483 shares of the company’s stock valued at $337,825,000 after acquiring an additional 496,168 shares in the last quarter. Institutional investors and hedge funds own 68.44% of the company’s stock.

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About Ctrip.Com International

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.

Analyst Recommendations for Ctrip.Com International (NASDAQ:CTRP)

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