H World Group (NASDAQ:HTHT) Rating Lowered to Hold at Zacks Research

H World Group (NASDAQ:HTHT) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other analysts also recently weighed in on HTHT. Wall Street Zen upgraded shares of H World Group from a “hold” rating to a “buy” rating in a research report on Sunday, May 31st. Benchmark raised their target price on shares of H World Group from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. UBS Group raised shares of H World Group from a “neutral” rating to a “buy” rating and set a $62.40 target price for the company in a research note on Monday, March 9th. Finally, Weiss Ratings downgraded H World Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, H World Group currently has a consensus rating of “Moderate Buy” and an average price target of $61.20.

H World Group Trading Up 0.5%

Shares of HTHT stock opened at $45.00 on Thursday. H World Group has a 52-week low of $30.41 and a 52-week high of $56.63. The stock has a market cap of $13.84 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.24 and a beta of 0.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a fifty day moving average of $49.20 and a 200-day moving average of $49.48.

H World Group (NASDAQ:HTHT) last posted its earnings results on Saturday, February 14th. The company reported $0.06 earnings per share for the quarter. H World Group had a net margin of 19.22% and a return on equity of 39.73%. The business had revenue of $932.62 million for the quarter. On average, equities research analysts forecast that H World Group will post 2.47 earnings per share for the current fiscal year.

Insider Transactions at H World Group

In other H World Group news, Director Theng Fong Hee sold 31,640 shares of the company’s stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 49.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. TD Private Client Wealth LLC bought a new position in shares of H World Group during the 4th quarter worth $45,000. EverSource Wealth Advisors LLC grew its stake in shares of H World Group by 81.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock worth $49,000 after acquiring an additional 649 shares during the period. iA Global Asset Management Inc. grew its stake in shares of H World Group by 20.1% during the 4th quarter. iA Global Asset Management Inc. now owns 1,653 shares of the company’s stock worth $78,000 after acquiring an additional 277 shares during the period. Summit Securities Group LLC bought a new position in shares of H World Group during the 1st quarter worth $85,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of H World Group during the 3rd quarter worth $66,000. Institutional investors own 46.41% of the company’s stock.

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.