Shares of China Lodging Group Ltd. (NASDAQ:HTHT) dropped 3.1% on Thursday . The stock traded as low as $36.96 and last traded at $37.13, with a volume of 82,598 shares changing hands. The stock had previously closed at $38.31.

HTHT has been the subject of several research reports. Goldman Sachs Group Inc. downgraded China Lodging Group from a “buy” rating to a “neutral” rating and boosted their target price for the company from $7.50 to $9.00 in a report on Thursday, May 5th. Brean Capital reissued a “buy” rating and issued a $44.00 target price on shares of China Lodging Group in a report on Thursday, May 12th. Finally, Zacks Investment Research raised China Lodging Group from a “hold” rating to a “strong-buy” rating and set a $41.00 target price for the company in a report on Wednesday, June 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. China Lodging Group presently has a consensus rating of “Buy” and a consensus target price of $35.46.

The company has a market capitalization of $2.52 billion and a PE ratio of 31.90. The company’s 50 day moving average is $37.36 and its 200-day moving average is $33.74.

China Lodging Group (NASDAQ:HTHT) last issued its earnings results on Wednesday, May 11th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $1.02. The business earned $1.44 billion during the quarter, compared to the consensus estimate of $1.39 billion. The business’s revenue was up 18.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 EPS. On average, analysts predict that China Lodging Group Ltd. will post $1.38 earnings per share for the current year.

A hedge fund recently raised its stake in China Lodging Group stock. State of Wisconsin Investment Board raised its position in China Lodging Group Ltd. (NASDAQ:HTHT) by 31.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

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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