China Lodging Group, Limited (HTHT) Reaches New 12-Month High at $104.07

China Lodging Group, Limited (NASDAQ:HTHT) hit a new 52-week high on Monday . The stock traded as high as $104.07 and last traded at $104.06, with a volume of 145,126 shares traded. The stock had previously closed at $98.96.

Several brokerages have weighed in on HTHT. Bank of America Corporation boosted their price objective on China Lodging Group, Limited from $104.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday. Zacks Investment Research raised China Lodging Group, Limited from a “hold” rating to a “strong-buy” rating and set a $109.00 target price on the stock in a research note on Wednesday, July 26th. BidaskClub raised China Lodging Group, Limited from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. Macquarie cut China Lodging Group, Limited from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $66.00 to $72.00 in a research note on Thursday, May 11th. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $90.00 price objective (up previously from $78.00) on shares of China Lodging Group, Limited in a research note on Wednesday, May 10th. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $81.71.

The company’s 50 day moving average price is $93.26 and its 200-day moving average price is $73.76. The firm has a market cap of $7.59 billion, a PE ratio of 54.34 and a beta of 1.71.

China Lodging Group, Limited (NASDAQ:HTHT) last issued its earnings results on Thursday, August 17th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.20. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.94 billion. China Lodging Group, Limited had a net margin of 13.69% and a return on equity of 17.80%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business posted $4.67 earnings per share. On average, equities analysts predict that China Lodging Group, Limited will post $2.61 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in HTHT. OppenheimerFunds Inc. increased its position in shares of China Lodging Group, Limited by 6.1% in the first quarter. OppenheimerFunds Inc. now owns 6,364,365 shares of the company’s stock valued at $394,909,000 after buying an additional 366,699 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of China Lodging Group, Limited by 10.2% in the first quarter. William Blair Investment Management LLC now owns 905,083 shares of the company’s stock worth $56,160,000 after buying an additional 83,572 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of China Lodging Group, Limited by 7.2% in the first quarter. Renaissance Technologies LLC now owns 764,791 shares of the company’s stock worth $47,455,000 after buying an additional 51,091 shares in the last quarter. FMR LLC raised its stake in China Lodging Group, Limited by 12.3% in the first quarter. FMR LLC now owns 745,500 shares of the company’s stock worth $46,258,000 after buying an additional 81,900 shares during the last quarter. Finally, Ariose Capital Management Ltd purchased a new stake in China Lodging Group, Limited during the second quarter worth $58,485,000. 45.56% of the stock is currently owned by institutional investors and hedge funds.

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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.

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