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

Wall Street Zen lowered shares of H World Group (NASDAQ:HTHT) from a buy rating to a hold rating in a report released on Tuesday.

A number of other research analysts have also issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. Zacks Research raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Hsbc Global Res raised H World Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Benchmark lifted their price target on shares of H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, HSBC upgraded H World Group from a “hold” rating to a “buy” rating in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $42.13.

H World Group Price Performance

HTHT opened at $50.93 on Tuesday. H World Group has a 1 year low of $30.13 and a 1 year high of $51.46. The business’s 50-day moving average is $46.29 and its two-hundred day moving average is $39.33. 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 market capitalization of $15.68 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.14.

Hedge Funds Weigh In On H World Group

A number of large investors have recently bought and sold shares of HTHT. Nordea Investment Management AB grew its stake in H World Group by 1.5% during the fourth quarter. Nordea Investment Management AB now owns 815,955 shares of the company’s stock worth $38,358,000 after buying an additional 12,154 shares during the last quarter. Swiss Life Asset Management Ltd increased its position in H World Group by 21.8% in the third quarter. Swiss Life Asset Management Ltd now owns 26,516 shares of the company’s stock worth $1,037,000 after purchasing an additional 4,738 shares during the period. Danske Bank A S acquired a new position in H World Group during the 3rd quarter valued at about $2,298,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of H World Group during the third quarter worth $66,000. Finally, XTX Topco Ltd bought a new position in shares of H World Group during the third quarter worth $1,298,000. 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.