H World Group (NASDAQ:HTHT) Stock Price Passes Above 200-Day Moving Average – Here’s Why

H World Group Limited Sponsored ADR (NASDAQ:HTHT) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $40.40 and traded as high as $50.91. H World Group shares last traded at $50.06, with a volume of 1,264,782 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. HSBC raised shares of H World Group from a “hold” rating to a “buy” rating in a report on Monday, October 27th. Hsbc Global Res upgraded shares of H World Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Benchmark raised 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 report on Tuesday, November 18th. Wall Street Zen downgraded shares of H World Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Zacks Research downgraded shares of H World Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $42.13.

H World Group Stock Performance

The firm has a market capitalization of $15.41 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.16 and a beta of 0.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.85. The business’s fifty day simple moving average is $47.73 and its 200-day simple moving average is $40.40.

Institutional Trading of H World Group

Several hedge funds have recently bought and sold shares of the stock. USA Financial Formulas bought a new position in shares of H World Group during the 2nd quarter valued at about $28,000. Hantz Financial Services Inc. lifted its position in shares of H World Group by 575.7% in the second quarter. Hantz Financial Services Inc. now owns 1,446 shares of the company’s stock worth $49,000 after buying an additional 1,232 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in H World Group by 81.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after buying an additional 649 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in H World Group during the third quarter valued at approximately $66,000. Finally, PNC Financial Services Group Inc. grew its holdings in H World Group by 82.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,146 shares of the company’s stock valued at $73,000 after buying an additional 968 shares in 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.