H World Group (NASDAQ:HTHT) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• H World Group's rating was downgraded from "buy" to "hold" by Wall Street Zen amid recent market evaluations, with three analysts recommending a Buy and three suggesting a Hold.
• The stock currently has an average target price of $40.80, with a market cap of approximately $11.90 billion and a PE ratio of 23.36.
• Institutional interest is growing as hedge funds have significantly modified their holdings in H World Group, with 46.41% of the stock now owned by such investors.

Wall Street Zen cut shares of H World Group (NASDAQ:HTHT - Free Report) from a buy rating to a hold rating in a report issued on Saturday.

Separately, Zacks Research upgraded shares of H World Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 28th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $40.80.

H World Group Trading Up 1.8%

Shares of NASDAQ HTHT traded up $0.69 during midday trading on Friday, hitting $38.78. 1,601,286 shares of the company traded hands, compared to its average volume of 1,956,960. H World Group has a 12-month low of $29.11 and a 12-month high of $42.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a 50-day moving average price of $34.57 and a 200 day moving average price of $35.02. The firm has a market cap of $11.90 billion, a P/E ratio of 23.36, a P/E/G ratio of 1.85 and a beta of 0.35.

H World Group Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 9th will be issued a dividend of $0.79 per share. The ex-dividend date is Tuesday, September 9th. This represents a dividend yield of 435.0%. H World Group's dividend payout ratio is presently 95.18%.

Institutional Investors Weigh In On H World Group

A number of institutional investors have recently made changes to their positions in HTHT. USA Financial Formulas purchased a new stake in shares of H World Group during the second quarter valued at approximately $28,000. Brooklyn Investment Group purchased a new stake in shares of H World Group during the first quarter valued at approximately $40,000. Hantz Financial Services Inc. grew its holdings in shares of H World Group by 575.7% during the second quarter. Hantz Financial Services Inc. now owns 1,446 shares of the company's stock valued at $49,000 after buying an additional 1,232 shares during the last quarter. EverSource Wealth Advisors LLC grew 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 buying an additional 649 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of H World Group during the first quarter valued at approximately $51,000. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Company Profile

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.