H World Group (NASDAQ:HTHT) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of H World Group (NASDAQ:HTHT) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

HTHT has been the topic of a number of other reports. Zacks Research cut H World Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Benchmark raised their price objective on H World Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. Finally, UBS Group raised H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price on the stock in a research note on Monday, March 9th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.13.

H World Group Trading Up 1.7%

Shares of NASDAQ HTHT opened at $52.15 on Friday. H World Group has a 1 year low of $30.20 and a 1 year high of $56.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.85 and a quick ratio of 0.84. The firm has a 50-day moving average of $51.32 and a 200 day moving average of $45.44. The stock has a market cap of $16.06 billion, a P/E ratio of 29.97, a price-to-earnings-growth ratio of 1.15 and a beta of 0.11.

Institutional Investors Weigh In On H World Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its holdings in shares of H World Group by 44.7% during the fourth quarter. Hsbc Holdings PLC now owns 1,183,612 shares of the company’s stock valued at $55,644,000 after purchasing an additional 365,659 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in H World Group by 63.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,745 shares of the company’s stock worth $129,000 after buying an additional 1,062 shares in the last quarter. Compound Planning Inc. purchased a new position in H World Group in the 4th quarter worth about $307,000. Vident Advisory LLC raised its position in H World Group by 15.2% in the 4th quarter. Vident Advisory LLC now owns 18,900 shares of the company’s stock worth $889,000 after buying an additional 2,496 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in H World Group by 208.5% during the 4th quarter. Mackenzie Financial Corp now owns 486,857 shares of the company’s stock valued at $22,828,000 after acquiring an additional 329,026 shares during the period. Institutional investors own 46.41% of the company’s stock.

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.