H World Group (NASDAQ:HTHT) Downgraded by Wall Street Zen to Hold

H World Group (NASDAQ:HTHT) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other analysts have also issued reports about the company. Zacks Research upgraded H World Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 19th. Benchmark raised their target price on H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, March 19th. UBS Group raised H World Group from a “neutral” rating to a “buy” rating and set a $62.40 price target for the company in a research report on Monday, March 9th. Finally, Weiss Ratings cut H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, H World Group currently has an average rating of “Buy” and a consensus target price of $61.20.

H World Group Price Performance

Shares of NASDAQ:HTHT opened at $44.79 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.49. H World Group has a 1 year low of $30.41 and a 1 year high of $56.63. The business has a fifty day simple moving average of $50.39 and a 200 day simple moving average of $49.34. The firm has a market cap of $13.77 billion, a price-to-earnings ratio of 20.09, a P/E/G ratio of 1.28 and a beta of 0.15.

H World Group (NASDAQ:HTHT) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter. H World Group had a return on equity of 39.73% and a net margin of 19.22%.The business had revenue of $932.62 million during the quarter. As a group, sell-side analysts predict that H World Group will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling at H World Group

In other H World Group news, Director Theng Fong Hee sold 31,640 shares of the business’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $50.96, for a total value of $1,612,374.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 49.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On H World Group

A number of institutional investors have recently made changes to their positions in HTHT. AQR Capital Management LLC increased its stake in shares of H World Group by 11.2% in the first quarter. AQR Capital Management LLC now owns 9,319 shares of the company’s stock worth $338,000 after purchasing an additional 936 shares during the period. Norges Bank bought a new position in shares of H World Group in the second quarter worth about $888,000. EverSource Wealth Advisors LLC increased its stake in shares of H World Group by 81.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after purchasing an additional 649 shares during the period. First Trust Advisors LP bought a new position in shares of H World Group in the second quarter worth about $2,881,000. Finally, Jump Financial LLC bought a new position in shares of H World Group in the second quarter worth about $651,000. 46.41% of the stock is currently owned by institutional investors.

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.