H World Group (NASDAQ:HTHT) Raised to “Buy” at Wall Street Zen

H World Group (NASDAQ:HTHT) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

HTHT has been the subject of several other reports. HSBC upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research report on Monday, October 27th. Benchmark upped 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. Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. Zacks Research lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Hsbc Global Res raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, H World Group presently has an average rating of “Buy” and an average price target of $42.13.

H World Group Stock Down 3.0%

HTHT opened at $47.51 on Friday. H World Group has a fifty-two week low of $30.20 and a fifty-two week high of $51.46. The company’s 50-day moving average is $48.34 and its 200 day moving average is $41.17. The firm has a market capitalization of $14.63 billion, a P/E ratio of 27.30, a PEG ratio of 1.11 and a beta of 0.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.85 and a quick ratio of 0.84.

Institutional Investors Weigh In On H World Group

Large investors have recently bought and sold shares of the business. Schroder Investment Management Group lifted its holdings in shares of H World Group by 95.0% in the 2nd quarter. Schroder Investment Management Group now owns 12,487,444 shares of the company’s stock valued at $423,574,000 after acquiring an additional 6,082,369 shares during the last quarter. Kontiki Capital Management HK Ltd. purchased a new position in shares of H World Group during the third quarter worth approximately $96,804,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of 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 worth $313,925,000 after buying an additional 2,420,473 shares during the period. Capitolis Liquid Global Markets LLC purchased a new stake in H World Group in the third quarter worth about $87,153,000. Finally, Capital International Investors increased its holdings in H World Group by 65.2% during the third quarter. Capital International Investors now owns 4,850,844 shares of the company’s stock valued at $189,717,000 after buying an additional 1,913,672 shares during the period. 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.