H World Group (NASDAQ:HTHT) Shares Gap Down to $39.42

H World Group Limited (NASDAQ:HTHT)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $39.42, but opened at $37.71. H World Group shares last traded at $37.62, with a volume of 382,966 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HTHT. Macquarie began coverage on shares of H World Group in a report on Friday, April 19th. They set an “outperform” rating and a $48.00 price target on the stock. Benchmark reiterated a “buy” rating and issued a $64.00 price objective on shares of H World Group in a report on Friday, March 22nd. Bank of America decreased their price target on shares of H World Group from $51.00 to $43.00 and set a “buy” rating for the company in a report on Wednesday, March 13th. CLSA started coverage on shares of H World Group in a report on Friday. They set a “buy” rating and a $47.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of H World Group from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.40.

H World Group Stock Down 5.8 %

The stock has a market capitalization of $12.12 billion, a P/E ratio of 21.08, a P/E/G ratio of 1.33 and a beta of 0.92. The firm’s fifty day moving average is $38.11 and its 200-day moving average is $35.73. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $786.00 million during the quarter, compared to analysts’ expectations of $759.99 million. H World Group had a net margin of 18.62% and a return on equity of 31.50%. As a group, equities research analysts predict that H World Group Limited will post 1.94 earnings per share for the current year.

Institutional Investors Weigh In On H World Group

Several institutional investors have recently modified their holdings of HTHT. Federated Hermes Inc. acquired a new stake in shares of H World Group during the 3rd quarter worth approximately $72,809,000. Norges Bank acquired a new position in H World Group during the fourth quarter valued at approximately $46,460,000. Schroder Investment Management Group grew its holdings in H World Group by 6.8% during the fourth quarter. Schroder Investment Management Group now owns 16,389,954 shares of the company’s stock valued at $548,080,000 after purchasing an additional 1,039,888 shares during the period. Broad Peak Investment Holdings Ltd. lifted its stake in H World Group by 110.7% in the third quarter. Broad Peak Investment Holdings Ltd. now owns 1,360,801 shares of the company’s stock valued at $53,656,000 after buying an additional 714,801 shares in the last quarter. Finally, Zeal Asset Management Ltd bought a new position in H World Group in the third quarter valued at approximately $26,282,000. Institutional investors and hedge funds own 46.41% of the company’s stock.

About H World Group

H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.