H World Group (NASDAQ:HTHT) Sets New 12-Month High – Time to Buy?

Shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) hit a new 52-week high during trading on Wednesday . The stock traded as high as $55.50 and last traded at $54.6420, with a volume of 195729 shares. The stock had previously closed at $54.55.

Analyst Ratings Changes

HTHT has been the topic of several research reports. Benchmark upped their price target on shares of H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. Wall Street Zen cut shares of H World Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Zacks Research lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

H World Group Stock Up 0.0%

The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. The company has a market cap of $16.80 billion, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 1.26 and a beta of 0.16. The firm’s 50 day moving average price is $50.03 and its 200-day moving average price is $43.53.

Institutional Investors Weigh In On H World Group

A number of institutional investors have recently made changes to their positions in the stock. TD Private Client Wealth LLC acquired a new position in H World Group in the fourth quarter valued at about $45,000. Hantz Financial Services Inc. boosted its stake in H World Group by 575.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,446 shares of the company’s stock worth $49,000 after acquiring an additional 1,232 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 period. Caitong International Asset Management Co. Ltd bought a new stake in H World Group in the third quarter valued at approximately $66,000. Finally, PNC Financial Services Group Inc. raised its holdings in H World Group by 82.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company’s stock worth $73,000 after purchasing an additional 968 shares during the period. 46.41% of the stock is owned by institutional investors and hedge funds.

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.