H World Group (NASDAQ:HTHT) Upgraded by Wall Street Zen to Buy Rating

H World Group (NASDAQ:HTHT) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Several other research firms have also commented on HTHT. Benchmark lifted their price objective on shares of H World Group from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday. UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price on the stock in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of H World Group from a “hold” rating to a “strong-buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat, H World Group presently has a consensus rating of “Buy” and an average target price of $54.80.

H World Group Price Performance

Shares of H World Group stock opened at $50.11 on Monday. 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 debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50 day moving average price of $51.33 and a 200-day moving average price of $45.73. H World Group has a one year low of $30.20 and a one year high of $56.63.

Institutional Trading of H World Group

Large investors have recently made changes to their positions in the stock. TD Private Client Wealth LLC purchased a new position in H World Group in the 4th quarter worth about $45,000. EverSource Wealth Advisors LLC boosted its position in H World Group by 81.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after buying an additional 649 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in H World Group in the 3rd quarter valued at about $66,000. PNC Financial Services Group Inc. grew its stake in 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 worth $73,000 after acquiring an additional 968 shares in the last quarter. Finally, Osaic Holdings Inc. grew 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 acquiring an additional 2,037 shares in the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

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.