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

H World Group Limited Sponsored ADR (NASDAQ:HTHT)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $51.01 and last traded at $50.2880, with a volume of 185751 shares trading hands. The stock had previously closed at $48.56.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Benchmark lifted their price target on shares of H World Group from $48.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. HSBC raised shares of H World Group from a “hold” rating to a “buy” rating in a research report on Monday, October 27th. Wall Street Zen cut shares of H World Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Research lowered shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Hsbc Global Res upgraded H World Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, H World Group currently has an average rating of “Buy” and an average price target of $42.13.

H World Group Stock Down 2.2%

The stock’s 50 day simple moving average is $46.05 and its two-hundred day simple moving average is $39.24. The firm has a market cap of $15.33 billion, a P/E ratio of 28.62, a P/E/G ratio of 1.19 and a beta of 0.14. 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

Several institutional investors and hedge funds have recently modified their holdings of HTHT. Schroder Investment Management Group boosted its stake in H World Group by 95.0% in the 2nd quarter. Schroder Investment Management Group now owns 12,487,444 shares of the company’s stock worth $423,574,000 after purchasing an additional 6,082,369 shares in the last quarter. Kontiki Capital Management HK Ltd. bought a new position in shares of H World Group in the third quarter worth approximately $96,804,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of H World Group by 43.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 8,026,731 shares of the company’s stock valued at $313,925,000 after buying an additional 2,420,473 shares during the last quarter. Capitolis Liquid Global Markets LLC bought a new stake in shares of H World Group during the third quarter valued at approximately $87,153,000. Finally, Capital International Investors lifted its position in H World Group by 65.2% in the 3rd quarter. Capital International Investors now owns 4,850,844 shares of the company’s stock valued at $189,717,000 after acquiring an additional 1,913,672 shares in the last quarter. 46.41% of the stock is currently 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.