H World Group Limited Sponsored ADR (NASDAQ:HTHT) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• H World Group has a consensus “Moderate Buy” rating from five analysts, with three buys and two holds. The average 12-month price target is $61.20, well above the reported $41.88 share price.
• HTHT shares were trading up 3.4%, while the stock’s 52-week range is $32.99 to $56.63 and its market capitalization is approximately $12.88 billion.
• Institutional investors own 46.41% of the company, with several funds recently increasing their positions, including EverSource Wealth Advisors, which raised its stake by 81%.

H World Group Limited Sponsored ADR (NASDAQ:HTHT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $61.20.

A number of brokerages have weighed in on HTHT. Wall Street Zen lowered H World Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings downgraded H World Group from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday. Finally, Zacks Research downgraded H World Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 4th.

H World Group Trading Up 3.4%

Shares of NASDAQ:HTHT opened at $41.88 on Friday. H World Group has a 52-week low of $32.99 and a 52-week high of $56.63. The company has a market capitalization of $12.88 billion, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 1.47 and a beta of 0.15. The company has a 50-day simple moving average of $42.30 and a 200 day simple moving average of $47.53. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93.

Hedge Funds Weigh In On H World Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in shares of H World Group by 16.7% in the first quarter. Parallel Advisors LLC now owns 1,773 shares of the company's stock valued at $89,000 after purchasing an additional 254 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in shares of H World Group by 20.1% during the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company's stock worth $78,000 after buying an additional 277 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in shares of H World Group by 5.2% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 9,899 shares of the company's stock worth $466,000 after buying an additional 486 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company's stock worth $49,000 after buying an additional 649 shares during the period. Finally, Oddo BHF Asset Management Sas grew its stake in H World Group by 16.7% in the 1st quarter. Oddo BHF Asset Management Sas now owns 4,900 shares of the company's stock valued at $246,000 after buying an additional 700 shares during the last quarter. 46.41% of the stock is owned by 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.

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