Huazhu Group (HTHT) Shares Down 7.3%

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Shares of Huazhu Group Ltd (NASDAQ:HTHT) dropped 7.3% during trading on Wednesday . The stock traded as low as $31.14 and last traded at $31.29. Approximately 2,573,131 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 2,129,986 shares. The stock had previously closed at $33.75.

HTHT has been the topic of several research analyst reports. Daiwa Capital Markets raised Huazhu Group from a “neutral” rating to a “buy” rating in a report on Wednesday, August 8th. ValuEngine downgraded Huazhu Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 3rd. Benchmark raised their target price on Huazhu Group from $42.00 to $47.50 and gave the company a “buy” rating in a research report on Tuesday, May 15th. BidaskClub downgraded Huazhu Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 26th. Finally, Morgan Stanley began coverage on Huazhu Group in a research report on Tuesday, June 19th. They issued an “equal weight” rating and a $50.00 target price on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $48.85.

The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 50.99 and a beta of 1.61. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.19.

Huazhu Group (NASDAQ:HTHT) last released its earnings results on Thursday, August 23rd. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.10. The business had revenue of $381.03 million for the quarter. Huazhu Group had a return on equity of 23.00% and a net margin of 12.58%. analysts forecast that Huazhu Group Ltd will post 0.74 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HTHT. OppenheimerFunds Inc. lifted its position in shares of Huazhu Group by 294.7% in the second quarter. OppenheimerFunds Inc. now owns 24,238,607 shares of the company’s stock valued at $1,017,779,000 after acquiring an additional 18,098,035 shares in the last quarter. Morgan Stanley lifted its position in shares of Huazhu Group by 360.7% in the second quarter. Morgan Stanley now owns 10,495,158 shares of the company’s stock valued at $440,691,000 after acquiring an additional 8,216,938 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Huazhu Group by 234.1% in the second quarter. Schroder Investment Management Group now owns 11,349,223 shares of the company’s stock valued at $476,554,000 after acquiring an additional 7,952,141 shares in the last quarter. BlackRock Inc. lifted its position in shares of Huazhu Group by 29,761.6% in the second quarter. BlackRock Inc. now owns 5,628,622 shares of the company’s stock valued at $236,345,000 after acquiring an additional 5,609,773 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Huazhu Group by 278.5% in the second quarter. American Century Companies Inc. now owns 4,087,917 shares of the company’s stock valued at $171,652,000 after acquiring an additional 3,007,823 shares in the last quarter. Institutional investors and hedge funds own 37.59% of the company’s stock.

Huazhu Group Company Profile (NASDAQ:HTHT)

Huazhu Group Limited, together with its subsidiaries, develops and operates leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under the Hi Inn, HanTing Hotel, Elan Hotel, Orange Hotel, HanTing Premium, Starway Hotel, JI Hotel, Orange Hotel Select, Manxin Hotel, Crystal Orange Hotel, Joya Hotel, Grand Mercure, Novotel, Mercure, Ibis Styles, and Ibis brand names for business and leisure travelers.

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