FMR LLC lowered its stake in shares of China Lodging Group, Ltd (NASDAQ:HTHT) by 0.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 663,600 shares of the company’s stock after selling 5,900 shares during the period. FMR LLC owned 0.96% of China Lodging Group worth $34,401,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of HTHT. Russell Investments Group Ltd. acquired a new position in shares of China Lodging Group during the fourth quarter worth approximately $3,870,000. Henderson Group PLC raised its stake in shares of China Lodging Group by 10.7% in the third quarter. Henderson Group PLC now owns 518,563 shares of the company’s stock worth $23,377,000 after buying an additional 50,000 shares during the period. Tiger Pacific Capital LP purchased a new stake in shares of China Lodging Group during the third quarter worth about $1,908,000. Wells Fargo & Company MN raised its stake in shares of China Lodging Group by 904.0% in the third quarter. Wells Fargo & Company MN now owns 271,432 shares of the company’s stock worth $12,242,000 after buying an additional 244,397 shares during the last quarter. Finally, Ward Ferry Management BVI Ltd raised its stake in shares of China Lodging Group by 4.3% in the third quarter. Ward Ferry Management BVI Ltd now owns 2,240,329 shares of the company’s stock worth $101,016,000 after buying an additional 93,155 shares during the last quarter. Institutional investors own 39.20% of the company’s stock.
China Lodging Group, Ltd (NASDAQ:HTHT) traded down 2.25% on Friday, hitting $66.04. 153,892 shares of the stock traded hands. China Lodging Group, Ltd has a 12 month low of $31.71 and a 12 month high of $68.34. The firm has a 50-day moving average price of $60.95 and a 200-day moving average price of $52.60. The company has a market capitalization of $4.58 billion, a PE ratio of 40.10 and a beta of 1.42.
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A number of equities research analysts have recently weighed in on the stock. Benchmark Co. assumed coverage on shares of China Lodging Group in a research note on Tuesday. They set a “buy” rating and a $68.00 target price on the stock. Zacks Investment Research raised shares of China Lodging Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 15th. Credit Suisse Group AG assumed coverage on shares of China Lodging Group in a research note on Friday, February 3rd. They set an “outperform” rating and a $66.00 price objective on the stock. Finally, Deutsche Bank AG raised shares of China Lodging Group from a “hold” rating to a “buy” rating in a research note on Friday, December 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $52.83.
About China Lodging Group
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.
