H World Group (NASDAQ:HTHT) Downgraded to “Hold” Rating by Zacks Research

H World Group (NASDAQ:HTHT) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other research analysts also recently issued reports on HTHT. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. Benchmark raised their price target on shares of H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. UBS Group upgraded shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price objective on the stock in a research report on Monday, March 9th. Finally, Weiss Ratings downgraded shares of H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $61.20.

H World Group Stock Performance

NASDAQ:HTHT opened at $45.00 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.49. The company has a market cap of $13.84 billion, a P/E ratio of 20.18, a P/E/G ratio of 1.24 and a beta of 0.11. H World Group has a fifty-two week low of $30.41 and a fifty-two week high of $56.63. The firm’s 50 day moving average is $49.20 and its two-hundred day moving average is $49.48.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $932.62 million for the quarter. H World Group had a net margin of 19.22% and a return on equity of 39.73%. Analysts expect that H World Group will post 2.47 EPS for the current year.

Insider Activity at H World Group

In related news, Director Theng Fong Hee sold 31,640 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $50.96, for a total value of $1,612,374.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 49.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. TD Private Client Wealth LLC purchased a new position in H World Group during the fourth quarter valued at approximately $45,000. EverSource Wealth Advisors LLC grew its position 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 in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in H World Group during the third quarter valued at approximately $66,000. Osaic Holdings Inc. grew its position in H World Group by 889.5% during the second quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock valued at $77,000 after purchasing an additional 2,037 shares in the last quarter. Finally, iA Global Asset Management Inc. grew its position in H World Group by 20.1% during the fourth quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock valued at $78,000 after purchasing an additional 277 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.