Dai Ichi Life Insurance Company Ltd Sells 1,600 Shares of Huazhu Group Limited (NASDAQ:HTHT)

Dai Ichi Life Insurance Company Ltd trimmed its position in shares of Huazhu Group Limited (NASDAQ:HTHT) by 17.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,400 shares of the company’s stock after selling 1,600 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Huazhu Group were worth $391,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Huazhu Group by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,276,409 shares of the company’s stock valued at $509,275,000 after purchasing an additional 452,384 shares during the period. Schroder Investment Management Group grew its stake in shares of Huazhu Group by 128.1% in the 1st quarter. Schroder Investment Management Group now owns 8,638,253 shares of the company’s stock valued at $474,240,000 after purchasing an additional 4,851,643 shares during the period. Vanguard Group Inc. grew its stake in shares of Huazhu Group by 9.9% in the 2nd quarter. Vanguard Group Inc. now owns 7,293,387 shares of the company’s stock valued at $385,164,000 after purchasing an additional 654,140 shares during the period. BlackRock Inc. grew its stake in shares of Huazhu Group by 7.9% in the 2nd quarter. BlackRock Inc. now owns 7,250,400 shares of the company’s stock valued at $382,894,000 after purchasing an additional 532,396 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Huazhu Group by 1.8% in the 2nd quarter. American Century Companies Inc. now owns 4,759,611 shares of the company’s stock valued at $251,355,000 after purchasing an additional 83,091 shares during the period. Hedge funds and other institutional investors own 44.23% of the company’s stock.

NASDAQ:HTHT opened at $48.86 on Thursday. The stock’s fifty day moving average price is $47.05 and its two-hundred day moving average price is $51.72. Huazhu Group Limited has a 52-week low of $38.49 and a 52-week high of $64.53. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.07 and a current ratio of 1.08. The company has a market cap of $15.96 billion, a price-to-earnings ratio of 174.50 and a beta of 1.58.

Huazhu Group (NASDAQ:HTHT) last posted its quarterly earnings data on Monday, August 23rd. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.48. Huazhu Group had a return on equity of 5.84% and a net margin of 5.30%. The firm had revenue of $556.00 million for the quarter. On average, equities analysts predict that Huazhu Group Limited will post 0.44 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group initiated coverage on Huazhu Group in a research note on Tuesday, September 7th. They issued a “buy” rating and a $59.00 price objective on the stock. TheStreet upgraded Huazhu Group from a “d+” rating to a “c” rating in a research report on Wednesday, August 25th. UBS Group initiated coverage on Huazhu Group in a research report on Friday, September 24th. They set a “buy” rating and a $63.00 price target on the stock. Finally, Zacks Investment Research lowered Huazhu Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Huazhu Group currently has a consensus rating of “Buy” and an average target price of $59.68.

About Huazhu Group

Huazhu Group Ltd. engages in the operation of hotels. The firm operates through the Legacy Huazhu and Legacy DH segments. It targets economy, midscale, upper midscale, and upscale hotel brands. The economy hotel brands comprises of HanTing, Ni Hao, Hi Inn, Elan, Zleep, and Ibis Hotels. The midscale hotel includes JI Hotel, Orange Hotel, Starway, and Ibis Styles Hotels.

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Institutional Ownership by Quarter for Huazhu Group (NASDAQ:HTHT)

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