Principal Financial Group Inc. boosted its position in China Lodging Group, Limited (NASDAQ:HTHT) by 894.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 202,432 shares of the company’s stock after acquiring an additional 182,077 shares during the quarter. Principal Financial Group Inc. owned 0.29% of China Lodging Group, Limited worth $24,053,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Advisor Group Inc. grew its position in China Lodging Group, Limited by 216.6% in 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 last quarter. Evanston Investments Inc. dba Evanston Advisors purchased a new position in China Lodging Group, Limited in the 2nd quarter valued at $218,000. Reliance Trust Co. of Delaware purchased a new position in China Lodging Group, Limited in the 3rd quarter valued at $225,000. Profund Advisors LLC acquired a new stake in China Lodging Group, Limited in the second quarter valued at $257,000. Finally, GSA Capital Partners LLP acquired a new stake in China Lodging Group, Limited in the second quarter valued at $355,000. 35.99% of the stock is currently owned by hedge funds and other institutional investors.

China Lodging Group, Limited (HTHT) opened at $122.55 on Wednesday. The company has a market capitalization of $8,578.23, a P/E ratio of 62.96, a P/E/G ratio of 1.68 and a beta of 1.65. The company has a current ratio of 1.49, a quick ratio of 1.48 and a debt-to-equity ratio of 0.60. China Lodging Group, Limited has a 52-week low of $44.90 and a 52-week high of $142.80.

The firm also recently announced a special dividend, which will be paid on Friday, December 22nd. Shareholders of record on Monday, December 4th will be given a $0.64 dividend. The ex-dividend date is Friday, December 1st.

Several research analysts have recently issued reports on HTHT shares. Bank of America Corporation lifted their price target on China Lodging Group, Limited from $104.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of China Lodging Group, Limited from a “hold” rating to a “strong-buy” rating and set a $109.00 target price for the company in a research note on Wednesday, July 26th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $86.67.

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China Lodging Group, Limited Company Profile

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.

Institutional Ownership by Quarter for China Lodging Group, Limited (NASDAQ:HTHT)

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