H World Group (NASDAQ:HTHT) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of H World Group (NASDAQ:HTHT) from a buy rating to a hold rating in a research note published on Saturday.

Several other brokerages have also issued reports on HTHT. Weiss Ratings lowered H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Zacks Research lowered H World Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.20.

H World Group Stock Performance

H World Group stock opened at $42.69 on Friday. The stock’s 50 day simple moving average is $42.80 and its two-hundred day simple moving average is $48.04. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 1.55 and a beta of 0.13. H World Group has a fifty-two week low of $30.41 and a fifty-two week high of $56.63.

Institutional Investors Weigh In On H World Group

Hedge funds have recently bought and sold shares of the business. TD Private Client Wealth LLC bought a new position in shares of H World Group during the fourth quarter valued at approximately $45,000. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $49,000 after purchasing an additional 649 shares during the last quarter. iA Global Asset Management Inc. boosted its position in shares of H World Group by 20.1% in the 4th 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 in the last quarter. Summit Securities Group LLC bought a new stake in shares of H World Group in the 1st quarter worth approximately $85,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of H World Group in the 3rd quarter worth approximately $66,000. 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.