H World Group Limited Sponsored ADR (NASDAQ:HTHT) Given Average Rating of “Moderate Buy” by Brokerages

H World Group Limited Sponsored ADR (NASDAQ:HTHT) has been assigned an average rating of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $61.20.

A number of brokerages have weighed in on HTHT. Wall Street Zen lowered H World Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings downgraded H World Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Zacks Research downgraded H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th.

H World Group Trading Up 3.4%

Shares of NASDAQ:HTHT opened at $41.88 on Friday. H World Group has a 52-week low of $32.99 and a 52-week high of $56.63. The company has a market capitalization of $12.88 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 1.47 and a beta of 0.15. The company has a 50-day simple moving average of $42.30 and a 200 day simple moving average of $47.53. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93.

Hedge Funds Weigh In On H World Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in shares of H World Group by 16.7% in the first quarter. Parallel Advisors LLC now owns 1,773 shares of the company’s stock valued at $89,000 after purchasing an additional 254 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in shares of H World Group by 20.1% during the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock worth $78,000 after buying an additional 277 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in shares of H World Group by 5.2% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 9,899 shares of the company’s stock worth $466,000 after buying an additional 486 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after buying an additional 649 shares during the period. Finally, Oddo BHF Asset Management Sas grew its stake in H World Group by 16.7% in the 1st quarter. Oddo BHF Asset Management Sas now owns 4,900 shares of the company’s stock valued at $246,000 after buying an additional 700 shares during the last quarter. 46.41% of the stock is owned by institutional investors.

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.