H World Group Limited Sponsored ADR (NASDAQ:HTHT) Given Average Rating of “Buy” by Brokerages

H World Group Limited Sponsored ADR (NASDAQ:HTHT) has received a consensus rating of “Buy” from the seven ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $42.1333.

HTHT has been the topic of several recent research reports. Zacks Research downgraded H World Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. HSBC raised shares of H World Group from a “hold” rating to a “buy” rating in a report on Monday, October 27th. Wall Street Zen downgraded shares of H World Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 6th. Benchmark upped their price target on shares of H World Group from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a research note on Monday, December 29th.

Hedge Funds Weigh In On H World Group

Several large investors have recently made changes to their positions in HTHT. AQR Capital Management LLC grew its position in shares of H World Group by 11.2% during 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 in the last quarter. USA Financial Formulas purchased a new position in H World Group in the 2nd quarter worth approximately $28,000. DAVENPORT & Co LLC boosted its stake in H World Group by 28.3% in the 2nd quarter. DAVENPORT & Co LLC now owns 44,831 shares of the company’s stock worth $1,521,000 after purchasing an additional 9,876 shares during the period. US Bancorp DE grew its holdings in H World Group by 221.3% during the 2nd quarter. US Bancorp DE now owns 21,207 shares of the company’s stock valued at $719,000 after buying an additional 14,607 shares in the last quarter. Finally, Aberdeen Group plc grew its holdings in H World Group by 14.7% during the 2nd quarter. Aberdeen Group plc now owns 48,605 shares of the company’s stock valued at $1,650,000 after buying an additional 6,218 shares in the last quarter. 46.41% of the stock is currently owned by hedge funds and other institutional investors.

H World Group Trading Down 0.2%

NASDAQ:HTHT opened at $50.16 on Tuesday. H World Group has a one year low of $30.20 and a one year high of $51.46. The business has a fifty day moving average price of $47.97 and a 200-day moving average price of $40.72. The firm has a market capitalization of $15.44 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.17 and a beta of 0.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.85 and a quick ratio of 0.84.

About H World Group

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.