H World Group (NASDAQ:HTHT) Downgraded to Hold Rating by Wall Street Zen

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

A number of other analysts have also recently commented on the stock. HSBC upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research report on Monday, October 27th. Zacks Research upgraded shares of H World Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Benchmark increased 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of H World Group in a report on Monday, December 15th. Finally, Hsbc Global Res upgraded shares of H World Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat.com, H World Group has a consensus rating of “Buy” and a consensus price target of $42.13.

H World Group Price Performance

NASDAQ HTHT opened at $49.12 on Friday. 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 firm has a market capitalization of $15.12 billion, a PE ratio of 28.23, a P/E/G ratio of 1.39 and a beta of 0.12. H World Group has a 12 month low of $30.13 and a 12 month high of $49.49. The company’s 50 day simple moving average is $43.33 and its 200 day simple moving average is $37.96.

Hedge Funds Weigh In On H World Group

Institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. raised its stake in H World Group by 7.3% in the 1st quarter. American Century Companies Inc. now owns 214,151 shares of the company’s stock worth $7,926,000 after purchasing an additional 14,651 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of H World Group in the first quarter valued at approximately $40,000. Northern Trust Corp grew its position in H World Group by 14.2% during the first quarter. Northern Trust Corp now owns 1,264,397 shares of the company’s stock worth $46,795,000 after buying an additional 157,044 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in H World Group by 1.5% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 80,900 shares of the company’s stock worth $2,994,000 after acquiring an additional 1,200 shares during the period. Finally, APG Asset Management N.V. raised its holdings in H World Group by 24.5% in the 1st quarter. APG Asset Management N.V. now owns 35,593 shares of the company’s stock valued at $1,219,000 after acquiring an additional 7,000 shares in the last quarter. 46.41% of the stock is currently owned by institutional investors and hedge funds.

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.