JPMorgan Chase & Co. Has Lowered Expectations for H World Group (NASDAQ:HTHT) Stock Price

H World Group (NASDAQ:HTHT - Get Free Report) had its target price cut by equities research analysts at JPMorgan Chase & Co. from $43.00 to $42.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 19.90% from the company's current price.

A number of other analysts have also commented on the company. Morgan Stanley reaffirmed an "overweight" rating on shares of H World Group in a research report on Monday, March 31st. HSBC downgraded shares of H World Group from a "buy" rating to a "hold" rating and set a $32.40 target price for the company. in a research report on Wednesday, February 5th. Finally, Hsbc Global Res lowered shares of H World Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $40.80.

H World Group Trading Down 3.9%

Shares of NASDAQ:HTHT traded down $1.43 during trading on Wednesday, reaching $35.03. The stock had a trading volume of 903,289 shares, compared to its average volume of 2,027,963. H World Group has a 52 week low of $27.03 and a 52 week high of $42.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.88. The firm's fifty day moving average is $35.66 and its 200 day moving average is $34.64. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.28 and a beta of 0.45.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in H World Group by 7.4% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,424 shares of the company's stock worth $349,000 after acquiring an additional 646 shares during the last quarter. Blue Trust Inc. raised its position in H World Group by 13.5% during the fourth quarter. Blue Trust Inc. now owns 5,467 shares of the company's stock valued at $181,000 after purchasing an additional 650 shares in the last quarter. DnB Asset Management AS boosted its holdings in shares of H World Group by 5.6% in the 4th quarter. DnB Asset Management AS now owns 14,691 shares of the company's stock worth $485,000 after purchasing an additional 784 shares in the last quarter. Rhumbline Advisers increased its position in shares of H World Group by 2.3% during the 4th quarter. Rhumbline Advisers now owns 34,688 shares of the company's stock valued at $1,146,000 after purchasing an additional 791 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of H World Group by 2.1% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 39,500 shares of the company's stock valued at $1,462,000 after buying an additional 800 shares in the last quarter. 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.

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