China Lodging Group, Limited (HTHT) Receives $64.67 Average PT from Brokerages

China Lodging Group, Limited (NASDAQ:HTHT) has been assigned a consensus rating of “Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $71.00.

A number of brokerages recently issued reports on HTHT. Zacks Investment Research upgraded 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 report on Wednesday, July 26th. BidaskClub upgraded China Lodging Group, Limited from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Macquarie downgraded China Lodging Group, Limited from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $66.00 to $72.00 in a report on Thursday, May 11th. They noted that the move was a valuation call. J P Morgan Chase & Co reiterated an “overweight” rating and set a $90.00 price target (up previously from $78.00) on shares of China Lodging Group, Limited in a report on Wednesday, May 10th. Finally, Benchmark Co. assumed coverage on China Lodging Group, Limited in a report on Tuesday, April 18th. They set a “buy” rating and a $68.00 price target on the stock.

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A number of hedge funds and other institutional investors have recently modified their holdings of HTHT. OppenheimerFunds Inc. boosted its position in 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 boosted its position in 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 valued at $56,160,000 after buying an additional 83,572 shares during the last quarter. Renaissance Technologies LLC boosted its position in China Lodging Group, Limited by 7.2% in the first quarter. Renaissance Technologies LLC now owns 764,791 shares of the company’s stock valued at $47,455,000 after buying an additional 51,091 shares during the last quarter. FMR LLC boosted its position in China Lodging Group, Limited by 12.3% in the first quarter. FMR LLC now owns 745,500 shares of the company’s stock valued at $46,258,000 after buying an additional 81,900 shares during the last quarter. Finally, Ariose Capital Management Ltd acquired a new position in China Lodging Group, Limited during the second quarter valued at about $58,485,000. Hedge funds and other institutional investors own 44.86% of the company’s stock.

China Lodging Group, Limited (NASDAQ HTHT) traded down 0.29% during trading on Friday, reaching $105.30. 394,646 shares of the company’s stock were exchanged. The stock has a market capitalization of $7.33 billion, a PE ratio of 57.54 and a beta of 1.71. The stock has a 50-day moving average of $86.85 and a 200-day moving average of $70.10. China Lodging Group, Limited has a 52 week low of $37.20 and a 52 week high of $105.49.

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.

Analyst Recommendations for China Lodging Group, Limited (NASDAQ:HTHT)

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