H World Group (NASDAQ:HTHT) Upgraded by UBS Group to Buy Rating

UBS Group upgraded shares of H World Group (NASDAQ:HTHT) from a neutral rating to a buy rating in a research note published on Monday, MarketBeat.com reports. They currently have $62.40 price objective on the stock.

A number of other analysts have also issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. Benchmark lifted their target price on H World Group from $48.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Wall Street Zen upgraded H World Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, H World Group has an average rating of “Moderate Buy” and an average target price of $52.13.

H World Group Trading Up 3.2%

NASDAQ:HTHT opened at $52.12 on Monday. H World Group has a 1 year low of $30.20 and a 1 year high of $56.63. The stock’s fifty day moving average price is $50.89 and its two-hundred day moving average price is $44.79. 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 company has a market cap of $16.05 billion, a P/E ratio of 29.95, a P/E/G ratio of 1.13 and a beta of 0.11.

Institutional Investors Weigh In On H World Group

Several large investors have recently added to or reduced their stakes in HTHT. AQR Capital Management LLC raised its holdings in shares of H World Group by 11.2% in the 1st quarter. AQR Capital Management LLC now owns 9,319 shares of the company’s stock valued at $338,000 after acquiring an additional 936 shares in the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of H World Group by 6.2% during the second quarter. Resona Asset Management Co. Ltd. now owns 58,153 shares of the company’s stock worth $1,975,000 after purchasing an additional 3,408 shares in the last quarter. Aviva PLC grew its holdings in shares of H World Group by 3.9% during the second quarter. Aviva PLC now owns 146,728 shares of the company’s stock worth $4,977,000 after purchasing an additional 5,445 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. bought a new position in shares of H World Group in the second quarter worth approximately $5,997,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in H World Group by 42.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,606,258 shares of the company’s stock valued at $190,164,000 after purchasing an additional 1,679,440 shares in the last quarter. Institutional investors own 46.41% of the company’s stock.

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.