H World Group (NASDAQ:HTHT) Lowered to Hold Rating by Zacks Research

Zacks Research lowered shares of H World Group (NASDAQ:HTHT) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the company. Wall Street Zen cut H World Group from a “buy” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of H World Group in a research report on Monday, December 29th. Hsbc Global Res raised H World Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Benchmark lifted their target price on shares of H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, HSBC raised shares of H World Group from a “hold” rating to a “buy” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $42.13.

H World Group Stock Down 0.6%

H World Group stock opened at $50.59 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.85 and a quick ratio of 0.84. The stock has a market capitalization of $15.57 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 1.13 and a beta of 0.14. The business has a 50 day simple moving average of $45.82 and a 200-day simple moving average of $39.17. H World Group has a 12 month low of $30.13 and a 12 month high of $51.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HTHT. Swiss Life Asset Management Ltd grew its stake in shares of H World Group by 21.8% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 26,516 shares of the company’s stock valued at $1,037,000 after buying an additional 4,738 shares during the period. Danske Bank A S acquired a new position in H World Group in the third quarter valued at approximately $2,298,000. Caitong International Asset Management Co. Ltd purchased a new position in H World Group in the third quarter worth approximately $66,000. XTX Topco Ltd acquired a new stake in H World Group during the third quarter worth $1,298,000. Finally, National Bank of Canada FI increased its stake in H World Group by 2.3% during the third quarter. National Bank of Canada FI now owns 1,049,400 shares of the company’s stock worth $41,042,000 after acquiring an additional 23,480 shares during the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.

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.