H World Group (NASDAQ:HTHT) Hits New 12-Month High – Still a Buy?

Shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $48.85 and last traded at $48.60, with a volume of 261147 shares. The stock had previously closed at $47.58.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HTHT. Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a report on Monday. Hsbc Global Res raised H World Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Zacks Research raised H World Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. Finally, HSBC raised shares of H World Group from a “hold” rating to a “buy” rating in a report on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $42.13.

H World Group Stock Performance

The company has a market capitalization of $14.93 billion, a P/E ratio of 27.88, a P/E/G ratio of 1.35 and a beta of 0.12. The business has a 50-day moving average of $42.88 and a 200-day moving average of $37.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.85 and a quick ratio of 0.84.

Hedge Funds Weigh In On H World Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. USA Financial Formulas bought a new position in H World Group in the second quarter worth approximately $28,000. Brooklyn Investment Group purchased a new stake in H World Group during the 1st quarter worth approximately $40,000. Hantz Financial Services Inc. raised its stake in H World Group by 575.7% in 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 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 worth $49,000 after purchasing an additional 649 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in H World Group during the 3rd quarter valued at approximately $66,000. Institutional investors own 46.41% of the company’s stock.

H World Group Company Profile

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.