Zurich Insurance Group Ltd FI lowered its stake in shares of China Lodging Group, Limited (NASDAQ:HTHT) by 10.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,723 shares of the company’s stock after selling 3,300 shares during the period. Zurich Insurance Group Ltd FI’s holdings in China Lodging Group, Limited were worth $2,317,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Advisor Group Inc. increased its stake in shares of China Lodging Group, Limited by 216.6% during the second quarter. Advisor Group Inc. now owns 1,298 shares of the company’s stock worth $101,000 after purchasing an additional 888 shares in the last quarter. US Bancorp DE increased its stake in shares of China Lodging Group, Limited by 12.5% during the first quarter. US Bancorp DE now owns 2,480 shares of the company’s stock worth $154,000 after purchasing an additional 275 shares in the last quarter. Evanston Investments Inc. dba Evanston Advisors purchased a new stake in shares of China Lodging Group, Limited during the second quarter worth about $218,000. Profund Advisors LLC purchased a new stake in shares of China Lodging Group, Limited during the second quarter worth about $257,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of China Lodging Group, Limited during the first quarter worth about $298,000. 38.04% of the stock is owned by institutional investors and hedge funds.

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Shares of China Lodging Group, Limited (HTHT) opened at 122.97 on Friday. China Lodging Group, Limited has a 52 week low of $41.69 and a 52 week high of $126.29. The company’s 50-day moving average is $115.59 and its 200 day moving average is $87.66. The stock has a market cap of $8.58 billion, a PE ratio of 60.13 and a beta of 1.61.

China Lodging Group, Limited (NASDAQ:HTHT) last announced its earnings results on Thursday, August 17th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.20. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.94 billion. China Lodging Group, Limited had a net margin of 13.69% and a return on equity of 17.26%. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.67 earnings per share. Analysts forecast that China Lodging Group, Limited will post $2.82 earnings per share for the current fiscal year.

A number of analysts have recently commented on the stock. BidaskClub cut shares of China Lodging Group, Limited from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Zacks Investment Research cut shares of China Lodging Group, Limited from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Bank of America Corporation boosted their target price on shares of 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 stock. The stock currently has an average rating of “Buy” and an average price target of $81.71.

China Lodging Group, Limited Company Profile

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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