H World Group (NASDAQ:HTHT) Stock Rating Upgraded by Wall Street Zen

H World Group (NASDAQ:HTHT) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Monday.

Several other brokerages have also recently issued reports on HTHT. HSBC upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H World Group in a research report on Monday, December 22nd. Benchmark upped their target price on H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Zacks Research raised H World Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Hsbc Global Res upgraded H World Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $42.13.

H World Group Stock Performance

Shares of HTHT stock opened at $46.98 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average of $44.84 and a 200 day moving average of $38.65. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 1.36 and a beta of 0.12. H World Group has a 52 week low of $30.13 and a 52 week high of $49.49.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. USA Financial Formulas purchased a new stake in shares of H World Group during the second quarter valued at $28,000. Hantz Financial Services Inc. lifted its stake in H World Group by 575.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,446 shares of the company’s stock valued at $49,000 after acquiring an additional 1,232 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after acquiring an additional 649 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of H World Group in the third quarter worth approximately $66,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of H World Group by 82.2% during the second quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company’s stock valued at $73,000 after purchasing an additional 968 shares during the last quarter. Hedge funds and other 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.