China Lodging Group Ltd. (NASDAQ:HTHT)’s share price traded down 2.4% during mid-day trading on Wednesday . The company traded as low as $36.65 and last traded at $36.86, with a volume of 133,918 shares traded. The stock had previously closed at $37.78.

A number of equities analysts have issued reports on the company. Goldman Sachs Group Inc. cut China Lodging Group from a “buy” rating to a “neutral” rating and increased their price target for the stock from $7.50 to $9.00 in a report on Thursday, May 5th. Zacks Investment Research upgraded China Lodging Group from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a report on Wednesday, June 29th. Finally, Brean Capital restated a “buy” rating and set a $44.00 price target on shares of China Lodging Group in a report on Thursday, May 12th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $35.46.

The stock has a market cap of $2.50 billion and a P/E ratio of 31.65. The firm has a 50-day moving average price of $34.44 and a 200 day moving average price of $32.42.

China Lodging Group (NASDAQ:HTHT) last issued its quarterly earnings results on Wednesday, May 11th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $1.02. The business earned $1.44 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 18.8% compared to the same quarter last year. On average, equities research analysts predict that China Lodging Group Ltd. will post $8.95 EPS for the current fiscal year.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Russell Frank Co increased its position in China Lodging Group by 2,109.2% in the fourth quarter. Russell Frank Co now owns 200,180 shares of the company’s stock valued at $6,278,000 after buying an additional 191,119 shares during the last quarter. State of Wisconsin Investment Board increased its position in China Lodging Group by 31.2% in the fourth quarter. State of Wisconsin Investment Board now owns 41,292 shares of the company’s stock valued at $1,291,000 after buying an additional 9,830 shares during the last quarter. Finally, Standard Life Investments LTD purchased a new position in China Lodging Group during the fourth quarter valued at approximately $1,466,000.

China Lodging Group, Limited is engaged in the business of operating and managing a multi-brand hotel group. The Company operates leased, manachised and franchised hotel 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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