H World Group (NASDAQ:HTHT) Upgraded at Zacks Research

Zacks Research upgraded shares of H World Group (NASDAQ:HTHT) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Wall Street Zen downgraded H World Group from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. UBS Group raised H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target for the company in a research note on Monday, March 9th. Weiss Ratings restated a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. Finally, Benchmark upped their price objective on shares of H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $54.80.

H World Group Price Performance

NASDAQ HTHT opened at $50.11 on Thursday. The company has a 50-day moving average price of $51.33 and a two-hundred day moving average price of $45.66. H World Group has a 52 week low of $30.20 and a 52 week high of $56.63. The stock has a market cap of $15.43 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 1.09 and a beta of 0.11. The company has a current ratio of 0.91, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.

H World Group Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Monday, May 4th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Monday, May 4th. This represents a dividend yield of 518.0%. H World Group’s dividend payout ratio is currently 70.22%.

Institutional Investors Weigh In On H World Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. TD Private Client Wealth LLC acquired a new position in shares of H World Group in the 4th quarter worth $45,000. EverSource Wealth Advisors LLC lifted its holdings in shares of H World Group by 81.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after purchasing an additional 649 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of H World Group in the 3rd quarter valued at $66,000. PNC Financial Services Group Inc. boosted its position in shares of H World Group by 82.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company’s stock valued at $73,000 after purchasing an additional 968 shares during the period. Finally, Osaic Holdings Inc. increased its stake in H World Group by 889.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company’s stock worth $77,000 after purchasing an additional 2,037 shares in the last quarter. Institutional investors and hedge funds own 46.41% of the company’s stock.

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.