Wall Street Zen Upgrades H World Group (NASDAQ:HTHT) to “Buy”

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

A number of other research analysts have also recently weighed in on the stock. Hsbc Global Res raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. HSBC upgraded H World Group from a “hold” rating to a “buy” rating in a research report on Monday, October 27th. Zacks Research raised H World Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Benchmark raised their price objective on H World Group from $48.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Finally, Weiss Ratings upgraded H World Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $42.13.

H World Group Trading Up 0.2%

Shares of NASDAQ:HTHT opened at $47.98 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.32. H World Group has a 12-month low of $30.13 and a 12-month high of $48.80. The business has a 50 day moving average of $42.30 and a two-hundred day moving average of $37.51. The company has a market capitalization of $14.77 billion, a PE ratio of 27.57, a PEG ratio of 1.35 and a beta of 0.12.

Institutional Trading of H World Group

A number of institutional investors have recently made changes to their positions in HTHT. Public Sector Pension Investment Board increased its position in shares of H World Group by 20.7% during the first quarter. Public Sector Pension Investment Board now owns 78,253 shares of the company’s stock worth $2,896,000 after purchasing an additional 13,400 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in H World Group by 11.9% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 54,745 shares of the company’s stock worth $2,024,000 after purchasing an additional 5,826 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of H World Group during the first quarter worth $51,000. American Century Companies Inc. raised its position in shares of H World Group by 7.3% in the first quarter. American Century Companies Inc. now owns 214,151 shares of the company’s stock valued at $7,926,000 after buying an additional 14,651 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of H World Group in the first quarter valued at about $40,000. 46.41% of the stock is owned by institutional investors and hedge funds.

H World Group Company Profile

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.