China Lodging Group, Limited (NASDAQ:HTHT) shares hit a new 52-week high on Friday . The stock traded as high as $129.06 and last traded at $129.18, with a volume of 187,256 shares traded. The stock had previously closed at $122.97.

Several research analysts recently weighed in on HTHT shares. BidaskClub lowered China Lodging Group, Limited from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 5th. Zacks Investment Research lowered China Lodging Group, Limited from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Bank of America Corporation increased their price objective on China Lodging Group, Limited from $104.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $81.71.

The stock has a market cap of $8.93 billion, a P/E ratio of 62.57 and a beta of 1.61. The company has a 50-day moving average price of $116.12 and a 200-day moving average price of $88.13.

China Lodging Group, Limited (NASDAQ:HTHT) last released its earnings results on Thursday, August 17th. The company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.20. The firm had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. China Lodging Group, Limited had a net margin of 13.69% and a return on equity of 17.26%. During the same period in the previous year, the company earned $4.67 EPS. China Lodging Group, Limited’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, equities analysts predict that China Lodging Group, Limited will post $2.80 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in HTHT. Advisor Group Inc. grew its stake in shares of China Lodging Group, Limited by 216.6% during the 2nd quarter. Advisor Group Inc. now owns 1,298 shares of the company’s stock valued at $101,000 after buying an additional 888 shares during the period. US Bancorp DE grew its stake in shares of China Lodging Group, Limited by 12.5% during the 1st quarter. US Bancorp DE now owns 2,480 shares of the company’s stock valued at $154,000 after buying an additional 275 shares during the period. Evanston Investments Inc. dba Evanston Advisors purchased a new stake in shares of China Lodging Group, Limited during the 2nd quarter valued at $218,000. Profund Advisors LLC purchased a new stake in shares of China Lodging Group, Limited during the 2nd quarter valued at $257,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of China Lodging Group, Limited during the 1st quarter valued at $298,000. 38.04% of the stock is owned by institutional investors.

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About China Lodging Group, Limited

China Lodging Group, Limited is a holding company. The Company is a multi-brand hotel group in China with leased, manachised and franchised models. Under the lease model, the Company directly operates hotels located on leased properties. Under the manachise model, the Company manages manachised hotels through the on-site hotel managers the Company appoints and collects fees from franchisees.

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