H World Group (NASDAQ:HTHT) Shares Gap Up - Here's Why

Key Points

• H World Group shares surged 9.8%, opening at $45.49 versus a prior close of $41.88, with the latest trade near $45.62.
• Analyst sentiment remains generally positive, with three Buy ratings and two Holds; the stock carries a “Moderate Buy” consensus and an average price target of $61.20, despite recent downgrades from several firms.
• Institutional investors hold 46.41% of H World Group, while several hedge funds and asset managers increased or initiated positions during the fourth quarter.

H World Group Limited Sponsored ADR (NASDAQ:HTHT - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $41.88, but opened at $45.49. H World Group shares last traded at $45.6180, with a volume of 1,082,923 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HTHT shares. Weiss Ratings cut H World Group from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Zacks Research lowered shares of H World Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 4th. Finally, Wall Street Zen cut shares of H World Group from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, H World Group has an average rating of "Moderate Buy" and an average price target of $61.20.

H World Group Stock Up 9.8%

The stock has a market cap of $14.15 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 1.52 and a beta of 0.15. The firm has a fifty day moving average of $42.30 and a 200 day moving average of $47.51. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.49.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HTHT. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of H World Group by 10.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 237,340 shares of the company's stock valued at $11,390,000 after acquiring an additional 23,372 shares during the period. Aubrey Capital Management Ltd acquired a new position in shares of H World Group in the 4th quarter valued at $11,946,000. True Light Capital Pte. Ltd. acquired a new position in shares of H World Group in the 4th quarter valued at $37,602,000. AustralianSuper Pty Ltd purchased a new stake in H World Group in the 4th quarter valued at $6,438,000. Finally, KBC Group NV raised its position in H World Group by 46.0% in the 4th quarter. KBC Group NV now owns 87,221 shares of the company's stock valued at $4,104,000 after purchasing an additional 27,466 shares during the last quarter. Hedge funds and other institutional investors own 46.41% of the company's stock.

About H World Group

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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