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

H World Group (NASDAQ:HTHT) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other analysts also recently weighed in on the company. Zacks Research upgraded H World Group from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Hsbc Global Res raised H World Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of H World Group in a report on Monday, December 22nd. HSBC upgraded H World Group from a “hold” rating to a “buy” rating in a report on Monday, October 27th. Finally, Benchmark lifted their price objective on shares of H World Group from $48.00 to $52.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $42.13.

H World Group Trading Down 0.3%

HTHT opened at $48.48 on Monday. H World Group has a twelve month low of $30.13 and a twelve month high of $49.49. The company has a fifty day moving average of $44.47 and a 200-day moving average of $38.46. The stock has a market cap of $14.93 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 1.37 and a beta of 0.12. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.32.

Institutional Investors Weigh In On H World Group

Hedge funds have recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd increased its holdings in shares of H World Group by 21.8% during the third quarter. Swiss Life Asset Management Ltd now owns 26,516 shares of the company’s stock valued at $1,037,000 after acquiring an additional 4,738 shares in the last quarter. Danske Bank A S acquired a new stake in H World Group in the 3rd quarter valued at $2,298,000. Caitong International Asset Management Co. Ltd acquired a new stake in H World Group in the 3rd quarter valued at $66,000. XTX Topco Ltd bought a new stake in H World Group during the 3rd quarter valued at $1,298,000. Finally, National Bank of Canada FI increased its stake in H World Group by 2.3% during the 3rd quarter. National Bank of Canada FI now owns 1,049,400 shares of the company’s stock valued at $41,042,000 after purchasing an additional 23,480 shares in the last quarter. Institutional investors and hedge funds 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.