H World Group (NASDAQ:HTHT) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of H World Group (NASDAQ:HTHT) from a hold rating to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.

A number of other research analysts also recently commented on HTHT. Benchmark increased their price objective on H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. Wall Street Zen downgraded H World Group from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. Finally, UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price objective on the stock in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $54.80.

H World Group Stock Performance

NASDAQ:HTHT opened at $50.11 on Thursday. H World Group has a 12 month low of $30.20 and a 12 month high of $56.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.91 and a quick ratio of 0.84. The firm has a market capitalization of $15.43 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.10 and a beta of 0.11. The business’s fifty day moving average price is $51.33 and its 200 day moving average price is $45.60.

H World Group Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Monday, May 4th will be paid a dividend of $1.30 per share. The ex-dividend date is Monday, May 4th. This represents a dividend yield of 518.0%. H World Group’s dividend payout ratio is 70.22%.

Institutional Trading of H World Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in HTHT. TD Private Client Wealth LLC purchased a new position in shares of H World Group in the 4th quarter valued at approximately $45,000. EverSource Wealth Advisors LLC raised its stake in shares of H World Group by 81.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after purchasing an additional 649 shares during the last quarter. iA Global Asset Management Inc. lifted its holdings 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 purchasing an additional 277 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of H World Group during the third quarter worth $66,000. Finally, PNC Financial Services Group Inc. grew its position in H World Group by 82.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company’s stock valued at $73,000 after buying an additional 968 shares during the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

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.