H World Group (NASDAQ:HTHT) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

H World Group Limited Sponsored ADR (NASDAQ:HTHT) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.40 and traded as high as $50.91. H World Group shares last traded at $50.06, with a volume of 1,264,782 shares trading hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on HTHT. Zacks Research cut shares of H World Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. Wall Street Zen cut H World Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 6th. Benchmark lifted their target price on H World Group from $48.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Finally, HSBC raised shares of H World Group from a “hold” rating to a “buy” rating in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $42.13.

H World Group Stock Up 0.4%

The firm has a 50 day moving average price of $47.86 and a 200-day moving average price of $40.51. The firm has a market cap of $15.48 billion, a PE ratio of 28.90, a PEG ratio of 1.17 and a beta of 0.14. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32.

Institutional Investors Weigh In On H World Group

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