China Lodging Group Ltd. (NASDAQ:HTHT) saw an uptick in trading volume on Wednesday . 218,773 shares were traded during mid-day trading, a decline of 6% from the previous session’s volume of 231,972 shares.The stock last traded at $43.98 and had previously closed at $43.42.

A number of research firms have recently issued reports on HTHT. Zacks Investment Research downgraded shares of China Lodging Group from a “buy” rating to a “hold” rating in a research note on Friday, July 8th. Brean Capital boosted their price target on shares of China Lodging Group from $44.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Morgan Stanley downgraded shares of China Lodging Group from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $36.20 to $40.00 in a research note on Wednesday, August 17th. Finally, Goldman Sachs Group Inc. downgraded shares of China Lodging Group from a “buy” rating to a “neutral” rating and upped their target price for the stock from $7.50 to $9.00 in a research note on Thursday, May 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.81.

The stock has a market capitalization of $3.03 billion and a P/E ratio of 28.92. The company has a 50-day moving average of $39.27 and a 200-day moving average of $35.01.

China Lodging Group (NASDAQ:HTHT) last released its quarterly earnings results on Tuesday, August 16th. The company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.30. During the same period in the prior year, the business earned $2.59 EPS. The business had revenue of $254.40 million for the quarter, compared to analyst estimates of $248.76 million. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, equities analysts forecast that China Lodging Group Ltd. will post $1.46 earnings per share for the current fiscal year.

An institutional investor recently raised its position in China Lodging Group stock. State of Wisconsin Investment Board increased its position in shares of China Lodging Group Ltd. (NASDAQ:HTHT) by 31.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,292 shares of the company’s stock after buying an additional 9,830 shares during the period. State of Wisconsin Investment Board owned 0.07% of China Lodging Group worth $1,291,000 as of its most recent SEC filing.

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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