China Lodging Group, Limited (NASDAQ:HTHT) traded up 5.9% during mid-day trading on Monday . The company traded as high as $135.63 and last traded at $134.91. 570,491 shares were traded during mid-day trading, an increase of 60% from the average session volume of 356,097 shares. The stock had previously closed at $127.38.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research downgraded China Lodging Group, Limited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub downgraded China Lodging Group, Limited from a “strong-buy” rating to a “buy” 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. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $81.71.

The firm has a market cap of $9.26 billion, a P/E ratio of 64.90 and a beta of 1.61. The stock has a 50 day moving average of $118.85 and a 200-day moving average of $90.94.

China Lodging Group, Limited (NASDAQ:HTHT) last announced its earnings results on Thursday, August 17th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.20. The firm had revenue of $1.99 billion for 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%. The business’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.67 EPS. Equities analysts predict that China Lodging Group, Limited will post $2.79 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ariose Capital Management Ltd bought a new position in China Lodging Group, Limited during the 2nd quarter valued at about $58,485,000. Wasatch Advisors Inc. bought a new position in China Lodging Group, Limited during the 2nd quarter valued at about $17,753,000. Goldman Sachs Group Inc. grew its holdings in China Lodging Group, Limited by 82.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 341,114 shares of the company’s stock valued at $27,521,000 after purchasing an additional 153,646 shares during the last quarter. Alliancebernstein L.P. grew its holdings in China Lodging Group, Limited by 754.5% during the 2nd quarter. Alliancebernstein L.P. now owns 151,799 shares of the company’s stock valued at $12,247,000 after purchasing an additional 134,034 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in China Lodging Group, Limited by 34.7% during the 2nd quarter. Pictet Asset Management Ltd. now owns 509,009 shares of the company’s stock valued at $38,889,000 after purchasing an additional 131,188 shares during the last quarter. Hedge funds and other institutional investors own 38.04% of the company’s stock.

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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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