H World Group (NASDAQ:HTHT) Raised to “Hold” at StockNews.com

H World Group (NASDAQ:HTHT – Get Rating) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Several other equities research analysts have also recently issued reports on the company. HSBC boosted their price target on H World Group from $45.10 to $57.20 in a research note on Wednesday, January 11th. TheStreet upgraded H World Group from a “d+” rating to a “c-” rating in a research report on Monday, January 30th. Finally, The Goldman Sachs Group raised H World Group from a “buy” rating to a “conviction-buy” rating in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $49.40.

H World Group Price Performance

Shares of H World Group stock opened at $51.04 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $16.62 billion, a price-to-earnings ratio of -49.08 and a beta of 1.02. H World Group has a twelve month low of $21.98 and a twelve month high of $53.52. The company has a 50-day simple moving average of $47.94 and a two-hundred day simple moving average of $40.19.

Institutional Trading of H World Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC grew its position in H World Group by 13.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,708 shares of the company’s stock worth $103,000 after acquiring an additional 314 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of H World Group by 19.9% in the third quarter. Penserra Capital Management LLC now owns 25,447 shares of the company’s stock valued at $853,000 after buying an additional 4,218 shares during the period. Point72 Asset Management L.P. raised its holdings in H World Group by 128.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 318,418 shares of the company’s stock valued at $12,132,000 after buying an additional 178,879 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in H World Group during the 2nd quarter worth approximately $644,000. Finally, Nuveen Asset Management LLC grew its holdings in H World Group by 2.4% during the 3rd quarter. Nuveen Asset Management LLC now owns 546,435 shares of the company’s stock worth $18,328,000 after acquiring an additional 12,900 shares during the last quarter. 44.79% of the stock is currently owned by institutional investors.

About H World Group

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H World Group Ltd. is engaged in the operation of hotels. The firm operates through the Legacy Huazhu and Legacy DH segments. It targets economy, midscale, upper midscale, and upscale hotel brands. The economy hotel brands comprises of HanTing, Ni Hao, Hi Inn, Elan, Zleep, and Ibis Hotels. The midscale hotel includes JI Hotel, Orange Hotel, Starway, and Ibis Styles Hotels.