Hotel101 Global (NASDAQ:HBNB) Hits New 1-Year High – Still a Buy?

Hotel101 Global Holdings Corp. (NASDAQ:HBNB)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $8.50 and last traded at $8.50, with a volume of 22449 shares traded. The stock had previously closed at $8.00.

Wall Street Analyst Weigh In

HBNB has been the topic of several recent analyst reports. Weiss Ratings assumed coverage on shares of Hotel101 Global in a report on Monday, January 5th. They issued a “sell (d)” rating on the stock. Wall Street Zen raised shares of Hotel101 Global to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hotel101 Global Stock Up 10.0%

The company’s 50 day moving average is $7.00.

Institutional Investors Weigh In On Hotel101 Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Yakira Capital Management Inc. purchased a new position in shares of Hotel101 Global during the third quarter valued at about $32,000. Polar Asset Management Partners Inc. bought a new stake in Hotel101 Global during the 3rd quarter valued at approximately $88,000. Citadel Advisors LLC purchased a new position in shares of Hotel101 Global during the 3rd quarter worth approximately $43,000. Finally, Hudson Bay Capital Management LP purchased a new position in shares of Hotel101 Global during the 3rd quarter worth approximately $62,000.

About Hotel101 Global

Hotel101 Global, Inc, listed on NASDAQ under the symbol HBNB, is a hospitality company specializing in the ownership, development, and operation of midscale hotels and hotel-branded residences. The company’s flagship brand, Hotel101, offers standardized guest rooms, on-site dining, and meeting facilities designed to serve both business and leisure travelers. Since commencing operations in 2021, Hotel101 Global has focused on a growth strategy that combines new property development with franchising agreements to expand its brand footprint.

Through its operating subsidiaries, Hotel101 Global maintains a portfolio of properties primarily in the Philippines, with key locations in Metro Manila, Bacolod, Iloilo, and Clark, Pampanga.