H World Group (NASDAQ:HTHT) Shares Down 2.3%

H World Group Limited (NASDAQ:HTHT - Get Free Report)'s stock price traded down 2.3% on Monday . The stock traded as low as $39.05 and last traded at $39.12. 318,613 shares changed hands during trading, a decline of 83% from the average session volume of 1,824,704 shares. The stock had previously closed at $40.06.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HTHT. Bank of America decreased their price objective on H World Group from $51.00 to $43.00 and set a "buy" rating for the company in a research report on Wednesday, March 13th. CLSA began coverage on shares of H World Group in a research report on Friday. They set a "buy" rating and a $47.00 price objective for the company. Macquarie assumed coverage on shares of H World Group in a research note on Friday, April 19th. They issued an "outperform" rating and a $48.00 target price for the company. Benchmark reissued a "buy" rating and issued a $64.00 price target on shares of H World Group in a research note 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 stock an "overweight" rating in a research 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 stock. Based on data from MarketBeat, H World Group currently has a consensus rating of "Moderate Buy" and an average target price of $49.40.

H World Group Stock Performance

The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 1.33 and a beta of 0.92. The stock's 50 day moving average price is $38.06 and its 200 day moving average price is $35.71. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.32.

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

Institutional Trading of H World Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new position in shares of H World Group during the 3rd quarter worth about $72,809,000. Norges Bank bought a new stake in H World Group in the fourth quarter valued at approximately $46,460,000. Schroder Investment Management Group lifted its position in shares of H World Group by 6.8% in the fourth quarter. Schroder Investment Management Group now owns 16,389,954 shares of the company's stock valued at $548,080,000 after buying an additional 1,039,888 shares during the last quarter. Broad Peak Investment Holdings Ltd. lifted its position in shares of H World Group by 110.7% in 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 buying an additional 714,801 shares during the last quarter. Finally, Zeal Asset Management Ltd bought a new position in shares of H World Group during the 3rd quarter worth approximately $26,282,000. 46.41% of the stock is owned by institutional investors.

About H World Group

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.