Ctrip Travel Network Thursday Low after the rapid increase in volume

Beijing time February 14 Morning news, Ctrip Travel Network (NYSE:CTRP) Thursday Low after the rapid increase in volume, up to close, Ctrip rose to 10.23%, reported 45.99 U.S. dollars.

Ctrip Wednesday released its unaudited financial results for the fourth quarter and the year ended December 31, 2013. Earnings showed that Ctrip's net revenue for the quarter was 1.4 billion yuan (about 238 million U.S. dollars), an increase of 31% per cent, and a net profit of 261 million yuan (about 43 million US dollars) in the company's shareholders, up 36% per cent, above Wall Street analyst expectations.

Morgan Stanley yesterday released its investment report, raising the Ctrip rating from "holding" to "overweight", but lowered its target share price from $55 to $50.50.

J.P. Morgan released its investment report today to maintain the "overweight" rating of Ctrip, which lowered its target share price from $55 to $52.