H World Group (NASDAQ:HTHT) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• H World Group shares rose above their 200-day moving average, reaching $49.70 and last trading at $49.47, compared with a 200-day average of $47.50.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $61.20, although several firms recently downgraded the stock to “Hold.”
• The company exceeded quarterly expectations, reporting $0.78 in EPS versus $0.74 expected and revenue of $1.05 billion versus estimates of $998.88 million; institutional investors own 46.41% of outstanding shares.

H World Group Limited Sponsored ADR (NASDAQ:HTHT - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $47.50 and traded as high as $49.70. H World Group shares last traded at $49.47, with a volume of 1,532,955 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HTHT. Wall Street Zen downgraded H World Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. 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 H World Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 4th. Finally, Benchmark reaffirmed a "buy" rating on shares of H World Group in a research report on Tuesday, August 18th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.20.

H World Group Stock Up 1.7%

The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 1.20. The business's fifty day moving average price is $42.86 and its two-hundred day moving average price is $47.50. The stock has a market capitalization of $15.21 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 1.73 and a beta of 0.15.

H World Group (NASDAQ:HTHT - Get Free Report) last issued its earnings results on Monday, August 17th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. H World Group had a return on equity of 41.05% and a net margin of 18.90%.The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $998.88 million. On average, equities research analysts forecast that H World Group Limited Sponsored ADR will post 2.6 EPS for the current fiscal year.

H World Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th will be paid a $0.87 dividend. This represents a dividend yield of 373.0%. The ex-dividend date is Tuesday, September 8th. H World Group's dividend payout ratio (DPR) is presently 74.89%.

Institutional Investors Weigh In On H World Group

A number of large investors have recently bought and sold shares of the company. TD Private Client Wealth LLC acquired a new position in H World Group in the 4th quarter worth approximately $45,000. EverSource Wealth Advisors LLC lifted its stake in H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company's stock valued at $49,000 after acquiring an additional 649 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in H World Group during the 3rd quarter valued at approximately $66,000. Osaic Holdings Inc. boosted its holdings in shares of H World Group by 889.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,266 shares of the company's stock valued at $77,000 after acquiring an additional 2,037 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its holdings in shares of H World Group by 20.1% in the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company's stock valued at $78,000 after acquiring an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 46.41% of the company's stock.

H World Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source