H World Group (NASDAQ:HTHT) Share Price Crosses Above 200 Day Moving Average – Here’s Why

H World Group Limited (NASDAQ:HTHT)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $33.41 and traded as high as $33.76. H World Group shares last traded at $32.85, with a volume of 1,561,936 shares.

Analyst Ratings Changes

Separately, Benchmark lowered their price objective on H World Group from $53.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $46.80.

H World Group Stock Performance

The stock’s 50-day simple moving average is $35.76 and its 200 day simple moving average is $33.40. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.09 and a beta of 0.74.

Hedge Funds Weigh In On H World Group

Institutional investors have recently modified their holdings of the stock. TT International Asset Management LTD bought a new stake in shares of H World Group during the third quarter worth approximately $24,915,000. Geode Capital Management LLC grew its holdings in H World Group by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,285,870 shares of the company’s stock worth $47,455,000 after acquiring an additional 11,684 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of H World Group during the 3rd quarter valued at $489,000. Temasek Holdings Private Ltd bought a new position in shares of H World Group in the 3rd quarter worth $81,840,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of H World Group in the 3rd quarter worth $418,000. 46.41% of the stock is owned by institutional investors.

About H World Group

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.