H World Group (NASDAQ:HTHT) Stock Bumped Up to “Buy” by Wall Street Zen

H World Group (NASDAQ:HTHT) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

HTHT has been the topic of several other reports. Weiss Ratings upgraded shares of H World Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, November 2nd. Benchmark reiterated a “buy” rating on shares of H World Group in a research note on Tuesday, August 18th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.20.

H World Group Trading Up 0.9%

Shares of NASDAQ:HTHT opened at $50.39 on Friday. H World Group has a 12-month low of $39.86 and a 12-month high of $56.63. The business has a 50 day moving average of $45.30 and a 200-day moving average of $46.99. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.44. The stock has a market cap of $15.89 billion, a PE ratio of 22.20, a P/E/G ratio of 1.76 and a beta of 0.12.

H World Group (NASDAQ:HTHT) last announced its earnings results on Friday, August 14th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $998.88 million. H World Group had a return on equity of 41.05% and a net margin of 18.90%. As a group, equities research analysts forecast that H World Group will post 2.49 earnings per share for the current year.

Hedge Funds Weigh In On H World Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP acquired a new position in H World Group in the third quarter valued at about $1,729,000. Perseverance Asset Management International grew its stake in H World Group by 4.1% during the third quarter. Perseverance Asset Management International now owns 4,200,321 shares of the company’s stock worth $179,774,000 after buying an additional 165,000 shares in the last quarter. USS Investment Management Ltd grew its stake in H World Group by 60.4% during the third quarter. USS Investment Management Ltd now owns 395,043 shares of the company’s stock worth $16,908,000 after buying an additional 148,819 shares in the last quarter. Boston Partners grew its stake in H World Group by 519.6% during the third quarter. Boston Partners now owns 159,157 shares of the company’s stock worth $6,812,000 after buying an additional 133,470 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in H World Group by 950.6% in the 3rd quarter. Global Retirement Partners LLC now owns 851 shares of the company’s stock valued at $36,000 after buying an additional 770 shares during the period. 46.41% of the stock is owned by institutional investors and hedge funds.

About H World Group

H World Group Limited is a hotel company that develops, operates, franchises and manages hotels. Its business includes both directly operated properties and hotels run by third-party owners under its brands and management or franchise arrangements. The company’s portfolio includes brands serving different market segments, such as HanTing, JI Hotel and Crystal Orange in China, as well as Steigenberger, IntercityHotel and Zleep Hotels through its European operations. Its offerings range from economy and midscale lodging to upscale hotels.