JPMorgan Chase & Co. lifted its holdings in shares of Huazhu Group Ltd (NASDAQ:HTHT) by 173.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 265,368 shares of the company’s stock after acquiring an additional 168,358 shares during the period. JPMorgan Chase & Co. owned approximately 0.09% of Huazhu Group worth $8,571,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Bessemer Group Inc. increased its position in shares of Huazhu Group by 4,066.7% during the third quarter. Bessemer Group Inc. now owns 6,000 shares of the company’s stock worth $194,000 after acquiring an additional 5,856 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Huazhu Group during the second quarter worth about $207,000. Marietta Investment Partners LLC bought a new stake in shares of Huazhu Group during the second quarter worth about $218,000. Crossmark Global Holdings Inc. bought a new stake in shares of Huazhu Group during the second quarter worth about $225,000. Finally, Reliance Trust Co. of Delaware bought a new stake in shares of Huazhu Group during the third quarter worth about $228,000. 43.29% of the stock is owned by institutional investors.
Shares of HTHT stock opened at $31.96 on Thursday. Huazhu Group Ltd has a 52-week low of $24.90 and a 52-week high of $49.60. The company has a quick ratio of 1.33, a current ratio of 1.34 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 49.17 and a beta of 1.73.
Huazhu Group (NASDAQ:HTHT) last issued its quarterly earnings data on Thursday, November 15th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.04). Huazhu Group had a return on equity of 24.86% and a net margin of 14.00%. The firm had revenue of $402.97 million during the quarter. On average, equities analysts expect that Huazhu Group Ltd will post 0.7 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.26%. This is an increase from Huazhu Group’s previous quarterly dividend of $0.16.
Several equities research analysts have recently commented on the stock. Citigroup assumed coverage on shares of Huazhu Group in a research report on Tuesday. They set a “buy” rating and a $45.00 target price for the company. BidaskClub raised shares of Huazhu Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. ValuEngine raised shares of Huazhu Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Zacks Investment Research raised shares of Huazhu Group from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, November 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Huazhu Group from $53.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, October 24th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $42.16.
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Huazhu Group Company Profile
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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