Hotel101 Global (NASDAQ:HBNB) Reaches New 12-Month High – Still a Buy?

Hotel101 Global Holdings Corp. (NASDAQ:HBNB)’s stock price hit a new 52-week high on Friday . The stock traded as high as $8.50 and last traded at $8.50, with a volume of 22449 shares trading hands. The stock had previously closed at $8.00.

Analysts Set New Price Targets

Several brokerages have recently commented on HBNB. Wall Street Zen upgraded shares of Hotel101 Global to a “hold” rating in a report on Friday, October 10th. Weiss Ratings initiated coverage on shares of Hotel101 Global in a research note on Monday. They issued a “sell (d)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Hotel101 Global Price Performance

The company has a 50 day simple moving average of $6.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Yakira Capital Management Inc. purchased a new stake in shares of Hotel101 Global during the 3rd quarter worth approximately $32,000. Polar Asset Management Partners Inc. bought a new position in Hotel101 Global during the third quarter valued at $88,000. Citadel Advisors LLC purchased a new stake in Hotel101 Global in the third quarter worth $43,000. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Hotel101 Global in the third quarter valued at $62,000.

Hotel101 Global Company Profile

Hotel101 Global, Inc, listed on NASDAQ under the symbol HBNB, is a hospitality company specializing in the ownership, development, and operation of midscale hotels and hotel-branded residences. The company’s flagship brand, Hotel101, offers standardized guest rooms, on-site dining, and meeting facilities designed to serve both business and leisure travelers. Since commencing operations in 2021, Hotel101 Global has focused on a growth strategy that combines new property development with franchising agreements to expand its brand footprint.

Through its operating subsidiaries, Hotel101 Global maintains a portfolio of properties primarily in the Philippines, with key locations in Metro Manila, Bacolod, Iloilo, and Clark, Pampanga.