H World Group (NASDAQ:HTHT) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded H World Group from “hold” to “buy,” while the broader analyst consensus remains “Moderate Buy” with a $61.20 price target.
• H World Group exceeded quarterly expectations, reporting $0.78 in EPS versus the $0.74 estimate and revenue of $1.05 billion compared with the $998.88 million consensus.
• The stock opened at $45.77, with a $14.08 billion market capitalization; institutional investors and hedge funds own 46.41% of the company.

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

Several other research firms have also issued reports on HTHT. Weiss Ratings raised shares of H World Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, August 26th. Zacks Research lowered H World Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 4th. Finally, Benchmark reaffirmed a "buy" rating on shares of H World Group in a report on Tuesday, August 18th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, H World Group presently has an average rating of "Moderate Buy" and a consensus price target of $61.20.

H World Group Price Performance

NASDAQ:HTHT opened at $45.77 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 1.20. The company has a 50 day moving average price of $43.63 and a 200-day moving average price of $47.25. H World Group has a 1-year low of $36.48 and a 1-year high of $56.63. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 20.16, a price-to-earnings-growth ratio of 1.65 and a beta of 0.15.

H World Group (NASDAQ:HTHT - Get Free Report) last announced its quarterly earnings results 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. H World Group had a net margin of 18.90% and a return on equity of 41.05%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $998.88 million. Equities research analysts forecast that H World Group will post 2.6 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in H World Group by 11.2% in the 1st quarter. AQR Capital Management LLC now owns 9,319 shares of the company's stock worth $338,000 after buying an additional 936 shares during the last quarter. Norges Bank acquired a new position in shares of H World Group during the second quarter valued at approximately $888,000. EverSource Wealth Advisors LLC raised 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 acquiring an additional 649 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of H World Group in the second quarter valued at approximately $2,881,000. Finally, Jump Financial LLC acquired a new stake in shares of H World Group in the second quarter worth approximately $651,000. 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.

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