Economy

OYO Raises $10 Mn In Funding From China Lodging Group

OYO Raises $10 Mn In Funding From China Lodging Group”

The stock has a market cap of $7.84 billion, a P/E ratio of 55.58 and a beta of 1.65.

On Wednesday, budgetary hotel aggregator Oyo Rooms announced that it is raising an additional United States dollars 10 million from Nasdaq-listed Chinese hotel operator China Lodging Group. The firm issued an outperform rating and a $66.00 price objective on the stock. The stock's 50 day moving average price is $106.95 and its 200 day moving average price is $81.08. BidaskClub lowered shares of China Lodging Group, Limited from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 5th.

China Lodging Group, Limited, launched on January 4, 2007, is a holding company. GRATRY & Co LLC bought a new position in China Lodging Group, Limited during the third quarter valued at about $230,000. Hedge funds and other institutional investors own 39.21% of the company's stock. China Lodging Group, Limited has a 12-month low of $41.69 and a 12-month high of $118.00. Pictet Asset Management Ltd. now owns 509,009 shares of the company's stock valued at $38,889,000 after purchasing an additional 131,188 shares in the last quarter. In the latest earnings report the EPS was $2.02 and is expected to be $2.87 for the current year with 69,775,000 shares outstanding. The business had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $1.94 billion.

TRADEMARK VIOLATION WARNING: "DekaBank Deutsche Girozentrale Has $201,000 Holdings in China Lodging Group, Limited (HTHT)" was posted by TrueBlueTribune and is the property of of TrueBlueTribune. The company's revenue was up 20.1% on a year-over-year basis. If you are reading this story on another domain, it was illegally stolen and republished in violation of United States & global copyright & trademark laws. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/09/15/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-china-lodging-group-limited-htht-stock-price.html. The value of the company's investment in China Lodging Group, Limited - went from $311,000 to $333,000 a change of $22,000 since the last quarter. China Lodging Group, Limited now has a consensus rating of "Buy" and a consensus target price of $81.71.

As per an agreement between the two companies, which they will unite the technical strengths and operations expertise of Oyo Rooms with China Lodging Group's operator in China.

As of June 2017, China Lodging Group had 3,541 hotels with 359,530 rooms in operation across 369 cities.

China Lodging Group, Limited is a holding company. The Chinese group operates several brands of hospitality chains and 612 hotels are functioning either through the franchise route or in the "manachised" model (managed and franchised, both) and the total number of rooms being managed will be over 350, 000.

China Lodging's business includes leased and owned, manachised and franchised models.



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