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

Key Points

• Wall Street Zen upgraded H World Group from “hold” to “buy.” Other analysts have also been favorable, resulting in a “Moderate Buy” consensus rating and a $61.20 average price target.
• H World Group exceeded quarterly expectations, reporting $0.78 in EPS versus the $0.74 estimate and $1.05 billion in revenue versus $998.88 million expected.
• The stock opened at $41.78, below its 12-month high of $56.63, while institutional investors own a substantial 46.41% stake in the company.

H World Group (NASDAQ:HTHT - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other research firms have also recently commented on HTHT. Benchmark reissued a "buy" rating on shares of H World Group in a report on Tuesday, August 18th. Weiss Ratings raised shares of H World Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, September 24th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, H World Group has an average rating of "Moderate Buy" and a consensus price target of $61.20.

H World Group Price Performance

NASDAQ HTHT opened at $41.78 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.44. H World Group has a 12 month low of $36.56 and a 12 month high of $56.63. The stock has a market cap of $12.85 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 1.50 and a beta of 0.14. The company's 50 day moving average is $44.23 and its two-hundred day moving average is $45.85.

H World Group (NASDAQ:HTHT - Get Free Report) last announced its quarterly earnings data on Monday, August 17th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. The firm had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $998.88 million. H World Group had a net margin of 18.90% and a return on equity of 41.05%. As a group, research analysts anticipate that H World Group will post 2.6 earnings per share for the current year.

Institutional Investors Weigh In On H World Group

A number of hedge funds have recently bought and sold shares of the business. Capital International Investors increased its stake in H World Group by 71.8% during the fourth quarter. Capital International Investors now owns 8,334,604 shares of the company's stock worth $392,143,000 after acquiring an additional 3,483,760 shares during the last quarter. Kontiki Capital Management HK Ltd. boosted its position in H World Group by 49.6% in the 4th quarter. Kontiki Capital Management HK Ltd. now owns 3,703,788 shares of the company's stock valued at $174,263,000 after buying an additional 1,228,617 shares during the period. Renaissance Technologies LLC grew its stake in H World Group by 11.1% in the first quarter. Renaissance Technologies LLC now owns 1,392,185 shares of the company's stock worth $70,013,000 after purchasing an additional 139,300 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of H World Group by 44.7% during the 4th quarter. Hsbc Holdings PLC now owns 1,183,612 shares of the company's stock worth $55,644,000 after buying an additional 365,659 shares in the last quarter. Finally, Capital International Inc. CA increased its position in H World Group by 406.9% during the 4th quarter. Capital International Inc. CA now owns 840,173 shares of the company's stock valued at $39,530,000 after purchasing an additional 674,438 shares during the period. Hedge funds and other institutional investors own 46.41% of the company's stock.

About H World Group

H World Group Limited is a hospitality company that develops, owns, leases, manages and franchises a portfolio of hotels. The company operates across multiple market segments, offering economy, midscale, upscale and luxury accommodations under a range of proprietary and internationally recognized brands.

Its Chinese portfolio includes brands such as HanTing Hotel, Hi Inn, Elan Hotel, Ji Hotel, Orange Hotel, Starway Hotel and Manxin Hotel. Through its international operations, H World also manages brands associated with Steigenberger Hotels AG, including Steigenberger Hotels & Resorts, IntercityHotel, MAXX by Steigenberger, Jaz in the City and Zleep Hotels.

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