H World Group (NASDAQ:HTHT) Upgraded by Wall Street Zen to Buy Rating

Key Points

• H World Group (NASDAQ:HTHT) has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating a positive outlook from analysts.
• The company currently holds a consensus rating of "Moderate Buy" with a target price of $40.80, backed by three Buy ratings and three Hold ratings from research analysts.
• Notably, several institutional investors, including China Universal Asset Management and Keystone Investors, have significantly increased their stakes in H World Group, reflecting growing confidence in the company's prospects.

H World Group (NASDAQ:HTHT - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Sunday.

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

H World Group Price Performance

Shares of HTHT opened at $39.23 on Friday. H World Group has a 1-year low of $30.13 and a 1-year high of $42.98. The stock has a market cap of $12.07 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 1.88 and a beta of 0.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a fifty day moving average price of $35.19 and a 200 day moving average price of $35.09.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HTHT. China Universal Asset Management Co. Ltd. grew its position in H World Group by 5,000.0% during the first quarter. China Universal Asset Management Co. Ltd. now owns 10,200 shares of the company's stock valued at $378,000 after purchasing an additional 10,000 shares in the last quarter. BRIGHT VALLEY CAPITAL Ltd purchased a new position in H World Group during the first quarter valued at approximately $814,000. Bank of New York Mellon Corp grew its position in H World Group by 8.5% during the first quarter. Bank of New York Mellon Corp now owns 220,697 shares of the company's stock valued at $8,168,000 after purchasing an additional 17,279 shares in the last quarter. Keystone Investors PTE Ltd. grew its position in H World Group by 1,280.0% during the first quarter. Keystone Investors PTE Ltd. now owns 1,901,589 shares of the company's stock valued at $70,378,000 after purchasing an additional 1,763,789 shares in the last quarter. Finally, Northern Trust Corp grew its position in H World Group by 14.2% during the first quarter. Northern Trust Corp now owns 1,264,397 shares of the company's stock valued at $46,795,000 after purchasing an additional 157,044 shares in the last quarter. 46.41% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.