Recent insider trends for Ctrip.com International, Ltd. (NASDAQ:CTRP) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of CTRP, the data has a lot to say about how the stock might perform going forward.
Institutions own 549.55% of Ctrip.com International, Ltd. (CTRP)’s shares. The total value of these holdings, in millions, is $16,597. Among active positions in the latest quarter, 217 holders increased their positions by a total of 35.98 million shares, 156 holders decreased the positions by a total of 27.4 million shares, and 52 holders held their positions. This works out to a net increase in ownership of 8.58 million shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 51 holders initiated new positions by a total of 7.95 million shares and 47 holders exited their positions by a total of 10.4 million shares. This nets out to a decrease of 2.45 million shares and is another bearish sign for CTRP.
Insider ownership increased by a total of 0 shares, which suggests that CTRP’s key executives are feeling more optimistic about the outlook for the stock.
Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Ctrip.com International, Ltd. (NASDAQ:CTRP)’s short interest is 27.6 million shares, or 7.09% of the float. This represents a decrease of -7% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that CTRP is a sell, which implies that CTRP is expected to underperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Ctrip.com International, Ltd. (NASDAQ:CTRP) is overvalued.