China Lodging Group Ltd. (NASDAQ:HTHT)’s share price dropped 2.4% 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.

HTHT has been the subject of several recent research reports. Zacks Investment Research upgraded China Lodging Group from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Thursday. Brean Capital reiterated a “buy” rating and set a $44.00 price target on shares of China Lodging Group in a report on Thursday, May 12th. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $39.00 price target on shares of China Lodging Group in a report on Thursday, June 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $35.46.

The stock’s 50-day moving average price is $34.61 and its 200 day moving average price is $32.48. The firm has a market capitalization of $2.47 billion and a PE ratio of 31.24.

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

Several hedge funds and institutional investors have recently added to or reduced their stakes in the stock. Standard Life Investments LTD purchased a new position in China Lodging Group during the fourth quarter worth approximately $1,466,000. State of Wisconsin Investment Board boosted 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 worth $1,291,000 after buying an additional 9,830 shares during the last quarter. Finally, Russell Frank Co boosted 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 worth $6,278,000 after buying an additional 191,119 shares during the last quarter.

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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