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

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

A number of other research analysts have also recently weighed in on the stock. Benchmark boosted their target price 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. Zacks Research lowered H World Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Hsbc Global Res raised shares of H World Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. HSBC upgraded H World Group from a “hold” rating to a “buy” rating in a research note on Monday, October 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of H World Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, H World Group presently has an average rating of “Buy” and an average price target of $42.13.

H World Group Stock Performance

HTHT stock opened at $47.51 on Friday. The firm has a market cap of $14.63 billion, a PE ratio of 27.30, a P/E/G ratio of 1.14 and a beta of 0.14. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average of $48.34 and a 200-day moving average of $41.06. H World Group has a 12-month low of $30.20 and a 12-month high of $51.46.

Hedge Funds Weigh In On H World Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC raised its position in H World Group by 11.2% during the 1st quarter. AQR Capital Management LLC now owns 9,319 shares of the company’s stock valued at $338,000 after purchasing an additional 936 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of 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 acquiring an additional 9,876 shares in the last quarter. US Bancorp DE increased its stake in shares of H World Group by 221.3% during the second quarter. US Bancorp DE now owns 21,207 shares of the company’s stock valued at $719,000 after purchasing an additional 14,607 shares in the last quarter. Aberdeen Group plc increased its position 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. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of H World Group by 47.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,156 shares of the company’s stock valued at $277,000 after acquiring an additional 2,631 shares in the last quarter. 46.41% of the stock is owned by institutional investors.

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.