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

Several research analysts recently commented on the stock. Goldman Sachs Group Inc. lowered shares of China Lodging Group from a “buy” rating to a “neutral” rating and raised their price target for the company from $7.50 to $9.00 in a report on Thursday, May 5th. Zacks Investment Research upgraded shares of China Lodging Group from a “hold” rating to a “strong-buy” rating and set a $41.00 price target for the company in a research note on Wednesday, June 29th. Finally, Brean Capital restated a “buy” rating and issued a $44.00 price target on shares of China Lodging Group in a research note on Thursday, May 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $35.46.

The firm has a market capitalization of $2.62 billion and a PE ratio of 33.32. The company has a 50-day moving average price of $35.79 and a 200-day moving average price of $32.91.

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

Several large investors have recently made changes to their positions in HTHT. State of Wisconsin Investment Board boosted 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 during the last quarter. Standard Life Investments LTD bought a new stake in shares of China Lodging Group during the fourth quarter worth about $1,466,000. Finally, Russell Frank Co boosted its stake 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.