BT Investment Management Ltd purchased a new position in shares of China Lodging Group, Limited (NASDAQ:HTHT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,970 shares of the company’s stock, valued at approximately $2,499,000.

Several other large investors have also recently added to or reduced their stakes in HTHT. Ariose Capital Management Ltd acquired a new position in shares of China Lodging Group, Limited during the 2nd quarter worth $58,485,000. OppenheimerFunds Inc. raised its stake in shares of China Lodging Group, Limited by 6.1% during the 1st quarter. OppenheimerFunds Inc. now owns 6,364,365 shares of the company’s stock worth $394,909,000 after buying an additional 366,699 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of China Lodging Group, Limited by 754.5% during the 2nd quarter. Alliancebernstein L.P. now owns 151,799 shares of the company’s stock worth $12,247,000 after buying an additional 134,034 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in shares of China Lodging Group, Limited by 34.7% during the 2nd quarter. Pictet Asset Management Ltd. now owns 509,009 shares of the company’s stock worth $38,889,000 after buying an additional 131,188 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of China Lodging Group, Limited by 25.3% during the 1st quarter. Macquarie Group Ltd. now owns 514,937 shares of the company’s stock worth $31,952,000 after buying an additional 104,037 shares during the last quarter. 38.04% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the company. BidaskClub downgraded China Lodging Group, Limited from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Zacks Investment Research raised China Lodging Group, Limited from a “hold” rating to a “strong-buy” rating and set a $109.00 price target for the company in a research note on Wednesday, July 26th. Finally, Bank of America Corporation lifted their price target on China Lodging Group, Limited from $104.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 18th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. China Lodging Group, Limited has an average rating of “Buy” and an average price target of $81.71.

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China Lodging Group, Limited (HTHT) opened at 111.63 on Monday. China Lodging Group, Limited has a 52 week low of $41.69 and a 52 week high of $118.00. The firm has a market cap of $7.79 billion, a P/E ratio of 55.21 and a beta of 1.65. The company has a 50-day moving average of $107.48 and a 200 day moving average of $81.47.

China Lodging Group, Limited (NASDAQ:HTHT) last announced its earnings results on Thursday, August 17th. The company reported $0.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.20. China Lodging Group, Limited had a return on equity of 17.26% and a net margin of 13.69%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the business posted $4.67 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. On average, equities analysts predict that China Lodging Group, Limited will post $2.83 earnings per share for the current year.

About China Lodging Group, Limited

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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Institutional Ownership by Quarter for China Lodging Group, Limited (NASDAQ:HTHT)

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