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

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

A number of other equities research analysts have also recently commented on the company. Weiss Ratings cut H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Zacks Research lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Finally, Benchmark boosted their target price on shares of H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, H World Group presently has an average rating of “Moderate Buy” and an average price target of $61.20.

H World Group Stock Performance

HTHT stock traded up $0.16 during midday trading on Friday, hitting $41.11. 1,262,467 shares of the stock traded hands, compared to its average volume of 1,795,879. H World Group has a 1-year low of $30.41 and a 1-year high of $56.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s fifty day simple moving average is $44.46 and its 200-day simple moving average is $48.78. The firm has a market cap of $12.64 billion, a P/E ratio of 18.43, a PEG ratio of 1.14 and a beta of 0.13.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC purchased a new position in H World Group in the fourth quarter worth approximately $45,000. EverSource Wealth Advisors LLC raised its position in H World Group by 81.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after purchasing an additional 649 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in H World Group during the third quarter worth $66,000. Osaic Holdings Inc. lifted its stake in H World Group by 889.5% during the second quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after purchasing an additional 2,037 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its position in shares of H World Group by 20.1% during the fourth quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock worth $78,000 after buying an additional 277 shares during the period. 46.41% of the stock is currently owned by institutional investors and hedge funds.

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.