H World Group Limited Sponsored ADR (NASDAQ:HTHT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) have received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $52.1333.

HTHT has been the subject of a number of recent analyst reports. Zacks Research lowered H World Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Benchmark lifted their target price on H World Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Wall Street Zen lowered H World Group from a “buy” rating to a “hold” rating in a research report on Sunday. UBS Group raised H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target for the company in a research note on Monday, March 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a report on Monday, December 29th.

H World Group Price Performance

Shares of NASDAQ:HTHT opened at $52.15 on Wednesday. The firm’s 50 day moving average is $51.32 and its two-hundred day moving average is $45.44. The firm has a market capitalization of $16.06 billion, a P/E ratio of 29.97, a PEG ratio of 1.15 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 52 week low of $30.20 and a 52 week high of $56.63.

Institutional Trading of H World Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. acquired a new position in H World Group in the third quarter worth approximately $12,207,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of H World Group during the 3rd quarter valued at $415,000. APG Asset Management N.V. lifted its position in shares of H World Group by 146.8% during the 3rd quarter. APG Asset Management N.V. now owns 108,093 shares of the company’s stock valued at $4,228,000 after acquiring an additional 64,300 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of H World Group by 95.0% during the 2nd quarter. Schroder Investment Management Group now owns 12,487,444 shares of the company’s stock worth $423,574,000 after acquiring an additional 6,082,369 shares in the last quarter. Finally, AI Squared Management Ltd bought a new stake in shares of H World Group during the 3rd quarter worth $1,158,000. 46.41% of the stock is currently owned by institutional investors.

About H World Group

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.