H World Group (NASDAQ:HTHT) Shares Gap Down to $39.42

H World Group Limited (NASDAQ:HTHT - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $39.42, but opened at $37.71. H World Group shares last traded at $37.62, with a volume of 382,966 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HTHT shares. Bank of America lowered their target price on H World Group from $51.00 to $43.00 and set a "buy" rating on the stock in a report on Wednesday, March 13th. Macquarie initiated coverage on shares of H World Group in a report on Friday, April 19th. They issued an "outperform" rating and a $48.00 price objective for the company. CLSA initiated coverage on shares of H World Group in a report on Friday. They issued a "buy" rating and a $47.00 target price on the stock. Benchmark restated a "buy" rating and set a $64.00 price target on shares of H World Group in a report on Friday, March 22nd. Finally, JPMorgan Chase & Co. upped their price objective on H World Group from $40.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, March 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $49.40.

H World Group Stock Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 1.33 and a beta of 0.92. The company has a fifty day moving average price of $38.11 and a two-hundred day moving average price of $35.73.

H World Group (NASDAQ:HTHT - Get Free Report) last posted its earnings results on Wednesday, March 20th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. H World Group had a net margin of 18.62% and a return on equity of 31.50%. The firm had revenue of $786.00 million during the quarter, compared to analysts' expectations of $759.99 million. As a group, equities research analysts expect that H World Group Limited will post 1.94 EPS for the current year.

Hedge Funds Weigh In On H World Group

Institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. bought a new stake in shares of H World Group in the third quarter worth $72,809,000. Norges Bank bought a new position in H World Group during the fourth quarter valued at about $46,460,000. Schroder Investment Management Group grew its stake in shares of H World Group by 6.8% during the 4th quarter. Schroder Investment Management Group now owns 16,389,954 shares of the company's stock worth $548,080,000 after acquiring an additional 1,039,888 shares during the period. Broad Peak Investment Holdings Ltd. lifted its holdings in H World Group by 110.7% during the third quarter. Broad Peak Investment Holdings Ltd. now owns 1,360,801 shares of the company's stock valued at $53,656,000 after purchasing an additional 714,801 shares during the last quarter. Finally, Zeal Asset Management Ltd purchased a new position in shares of H World Group in the third quarter worth about $26,282,000. 46.41% of the stock is currently owned by institutional investors and hedge funds.

H World Group Company Profile

H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily 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.