H World Group (NASDAQ:HTHT) Downgraded to Hold Rating by HSBC

HSBC downgraded shares of H World Group (NASDAQ:HTHT) from a buy rating to a hold rating in a research report released on Wednesday morning, MarketBeat reports. HSBC currently has $32.40 price objective on the stock.

Separately, Benchmark cut their price objective on H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $44.40.

H World Group Price Performance

Shares of H World Group stock opened at $30.73 on Wednesday. The business has a 50 day moving average of $32.59 and a 200 day moving average of $33.12. H World Group has a 52 week low of $27.03 and a 52 week high of $42.98. The company has a market cap of $9.63 billion, a PE ratio of 18.62, a P/E/G ratio of 1.11 and a beta of 0.70. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

H World Group (NASDAQ:HTHT) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09). H World Group had a return on equity of 30.41% and a net margin of 15.97%. During the same quarter in the prior year, the business earned $0.56 earnings per share. As a group, equities research analysts forecast that H World Group will post 1.65 earnings per share for the current year.

Institutional Investors Weigh In On H World Group

Several hedge funds have recently bought and sold shares of HTHT. US Bancorp DE increased its stake in shares of H World Group by 21.2% during the fourth quarter. US Bancorp DE now owns 4,839 shares of the company’s stock valued at $160,000 after purchasing an additional 845 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of H World Group in the 4th quarter worth approximately $1,597,000. Bank of New York Mellon Corp increased its position in H World Group by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 203,418 shares of the company’s stock valued at $6,719,000 after buying an additional 6,477 shares in the last quarter. Waverton Investment Management Ltd purchased a new position in H World Group during the fourth quarter valued at $6,076,000. Finally, Handelsbanken Fonder AB boosted its holdings in H World Group by 3.8% in the fourth quarter. Handelsbanken Fonder AB now owns 69,576 shares of the company’s stock worth $2,298,000 after acquiring an additional 2,572 shares in the last quarter. Institutional investors own 46.41% of the company’s stock.

H World Group Company Profile

H World Group Limited develops leased and owned, manachised, and franchised hotels 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.