H World Group (NASDAQ:HTHT) Cut to Hold at 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 released on Saturday morning.

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

H World Group Stock Down 0.5%

Shares of NASDAQ HTHT traded down $0.18 during mid-day trading on Friday, reaching $38.60. The company had a trading volume of 114,714 shares, compared to its average volume of 2,028,714. The stock has a fifty day moving average of $34.69 and a two-hundred day moving average of $35.01. 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 company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.85 and a beta of 0.35. H World Group has a 12-month low of $30.13 and a 12-month high of $42.98.

H World Group Dividend Announcement

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

Hedge Funds Weigh In On H World Group

Several institutional investors and hedge funds have recently modified their holdings of the business. USA Financial Formulas acquired a new position in H World Group during the 2nd quarter worth approximately $28,000. Brooklyn Investment Group bought a new position in shares of H World Group in the first quarter valued at $40,000. Hantz Financial Services Inc. grew its stake in shares of H World Group by 575.7% in 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 in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of H World Group by 81.0% in 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of H World Group in the first quarter valued at $51,000. 46.41% of the stock is currently owned by institutional investors and hedge funds.

About H World Group

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.