Profund Advisors LLC purchased a new stake in shares of China Lodging Group, Limited (NASDAQ:HTHT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,180 shares of the company’s stock, valued at approximately $257,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of China Lodging Group, Limited by 65.7% during the second quarter. Principal Financial Group Inc. now owns 20,355 shares of the company’s stock valued at $1,642,000 after acquiring an additional 8,072 shares in the last quarter. Gateway Advisory LLC bought a new stake in China Lodging Group, Limited in the 2nd quarter worth approximately $389,000. JPMorgan Chase & Co. bought a new stake in China Lodging Group, Limited in the 2nd quarter worth approximately $5,412,000. American Century Companies Inc. grew its position in China Lodging Group, Limited by 11.2% in the 2nd quarter. American Century Companies Inc. now owns 357,274 shares of the company’s stock worth $28,825,000 after purchasing an additional 35,941 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in China Lodging Group, Limited by 15.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 187,468 shares of the company’s stock worth $11,633,000 after purchasing an additional 25,582 shares during the period. 38.04% of the stock is owned by institutional investors.
Shares of China Lodging Group, Limited (NASDAQ HTHT) opened at 129.61 on Thursday. The stock’s 50 day moving average is $117.83 and its 200-day moving average is $89.82. The company has a market cap of $9.04 billion, a P/E ratio of 63.38 and a beta of 1.61. China Lodging Group, Limited has a 12 month low of $41.69 and a 12 month high of $138.44.
China Lodging Group, Limited (NASDAQ:HTHT) last posted its quarterly earnings results on Thursday, August 17th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.20. The business 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%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the company posted $4.67 earnings per share. On average, equities analysts forecast that China Lodging Group, Limited will post $2.80 EPS for the current year.
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A number of equities research analysts have commented on HTHT shares. BidaskClub raised shares of China Lodging Group, Limited from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 29th. 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 report on Wednesday, July 26th. Finally, Bank of America Corporation lifted their target price on shares of 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 research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $81.71.
China Lodging Group, Limited 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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