H World Group (NASDAQ:HTHT) Upgraded to “Buy” at UBS Group

H World Group (NASDAQ:HTHT) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a report issued on Monday, Marketbeat.com reports. The firm currently has a $62.40 price target on the stock. UBS Group’s price objective indicates a potential upside of 23.54% from the company’s current price.

Other analysts also recently issued reports about the stock. Wall Street Zen raised shares of H World Group from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. Benchmark lifted their price target on H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, Zacks Research cut H World Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.13.

H World Group Stock Down 2.1%

HTHT stock opened at $50.51 on Monday. The company’s 50 day moving average is $50.82 and its 200 day moving average is $44.68. The stock has a market cap of $15.55 billion, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 1.13 and a beta of 0.11. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. H World Group has a 1-year low of $30.20 and a 1-year high of $56.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group grew its holdings in shares of H World Group by 95.0% during the second quarter. Schroder Investment Management Group now owns 12,487,444 shares of the company’s stock valued at $423,574,000 after buying an additional 6,082,369 shares during the last quarter. Capital International Investors raised its holdings in H World Group by 71.8% in the 4th quarter. Capital International Investors now owns 8,334,604 shares of the company’s stock worth $392,143,000 after acquiring an additional 3,483,760 shares during the last quarter. Kontiki Capital Management HK Ltd. bought a new position in H World Group in the 3rd quarter valued at approximately $96,804,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in H World Group by 43.2% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,026,731 shares of the company’s stock valued at $313,925,000 after acquiring an additional 2,420,473 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC purchased a new stake in H World Group during the 3rd quarter valued at $87,153,000. Institutional investors own 46.41% of the company’s stock.

H World Group Company Profile

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.