China Lodging Group Ltd. (NASDAQ:HTHT) shares dropped 1.9% during mid-day trading on Monday . The stock traded as low as $38.71 and last traded at $39.61, with a volume of 68,784 shares. The stock had previously closed at $40.38.

Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of China Lodging Group from a “buy” rating to a “hold” rating in a report on Friday, July 8th. Goldman Sachs Group Inc. cut shares of China Lodging Group from a “buy” rating to a “neutral” rating and lifted their price target for the company from $7.50 to $9.00 in a report on Thursday, May 5th. Finally, Brean Capital reiterated a “buy” rating and issued a $44.00 price target on shares of China Lodging Group in a report on Thursday, May 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $35.46.

The company has a market capitalization of $2.67 billion and a PE ratio of 33.95. The stock has a 50-day moving average of $35.51 and a 200-day moving average of $32.79.

China Lodging Group (NASDAQ:HTHT) last posted its quarterly earnings results on Wednesday, May 11th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $1.02. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.39 billion. China Lodging Group’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.09 EPS. On average, equities research analysts expect that China Lodging Group Ltd. will post $8.94 earnings per share for the current year.

Other large investors have modified their holdings of the company. State of Wisconsin Investment Board increased its stake in shares of 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 in the last quarter. Standard Life Investments LTD purchased a new position in shares of China Lodging Group during the fourth quarter valued at about $1,466,000. Finally, Russell Frank Co boosted its position in shares of 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.

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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