Principal Financial Group Inc. boosted its stake in China Lodging Group, Limited (NASDAQ:HTHT) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,283 shares of the company’s stock after buying an additional 22 shares during the period. Principal Financial Group Inc.’s holdings in China Lodging Group, Limited were worth $762,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. OppenheimerFunds Inc. raised its stake in China Lodging Group, Limited by 6.1% in the first quarter. OppenheimerFunds Inc. now owns 6,364,365 shares of the company’s stock valued at $394,909,000 after buying an additional 366,699 shares in the last quarter. William Blair Investment Management LLC raised its stake in China Lodging Group, Limited by 10.2% in the first quarter. William Blair Investment Management LLC now owns 905,083 shares of the company’s stock valued at $56,160,000 after buying an additional 83,572 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in China Lodging Group, Limited during the fourth quarter valued at about $21,301,000. Pictet Asset Management Ltd. raised its stake in China Lodging Group, Limited by 33.8% in the first quarter. Pictet Asset Management Ltd. now owns 377,821 shares of the company’s stock valued at $23,444,000 after buying an additional 95,532 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in China Lodging Group, Limited by 16.9% in the first quarter. American Century Companies Inc. now owns 321,333 shares of the company’s stock valued at $19,939,000 after buying an additional 46,390 shares in the last quarter. 44.70% of the stock is owned by institutional investors.
Shares of China Lodging Group, Limited (HTHT) opened at 93.09 on Friday. China Lodging Group, Limited has a 12-month low of $36.96 and a 12-month high of $97.44. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 50.73 and a beta of 1.66. The company has a 50-day moving average of $83.72 and a 200 day moving average of $68.13.
Several equities research analysts recently issued reports on HTHT shares. BidaskClub lowered shares of China Lodging Group, Limited from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered shares of China Lodging Group, Limited from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. Macquarie lowered shares of China Lodging Group, Limited from an “outperform” rating to a “neutral” rating and increased their target price for the stock from $66.00 to $72.00 in a report on Thursday, May 11th. They noted that the move was a valuation call. Benchmark Co. started coverage on shares of China Lodging Group, Limited in a report on Tuesday, April 18th. They issued a “buy” rating and a $68.00 target price for the company. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $90.00 target price (up from $78.00) on shares of China Lodging Group, Limited in a report on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $71.00.
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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