H World Group (NASDAQ:HTHT) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

H World Group Limited Sponsored ADR (NASDAQ:HTHT) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.40 and traded as high as $50.91. H World Group shares last traded at $50.06, with a volume of 1,264,782 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded H World Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 6th. HSBC upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research note on Monday, October 27th. Hsbc Global Res upgraded shares of H World Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Benchmark boosted their price objective on shares of 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 restated a “buy (b-)” rating on shares of H World Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, H World Group presently has an average rating of “Buy” and a consensus price target of $42.13.

H World Group Price Performance

The firm has a 50-day simple moving average of $47.73 and a 200-day simple moving average of $40.40. The firm has a market capitalization of $15.41 billion, a PE ratio of 28.77, a PEG ratio of 1.16 and a beta of 0.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.85 and a quick ratio of 0.84.

Institutional Trading of H World Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HTHT. Massachusetts Financial Services Co. MA raised its position in H World Group by 3.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 598,817 shares of the company’s stock worth $28,174,000 after acquiring an additional 22,587 shares during the period. BOCHK Asset Management Ltd purchased a new stake in shares of H World Group in the 4th quarter worth $659,000. Nordea Investment Management AB raised its holdings in H World Group by 1.5% in the 4th quarter. Nordea Investment Management AB now owns 815,955 shares of the company’s stock worth $38,358,000 after purchasing an additional 12,154 shares during the period. Swiss Life Asset Management Ltd lifted its position in H World Group by 21.8% during the third quarter. Swiss Life Asset Management Ltd now owns 26,516 shares of the company’s stock valued at $1,037,000 after purchasing an additional 4,738 shares in the last quarter. Finally, Danske Bank A S bought a new stake in H World Group during the third quarter valued at about $2,298,000. 46.41% of the stock is owned by hedge funds and other institutional investors.

About H World Group

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.